Bitcoin Power Play: Trump-Endorsed Effort Takes Aim At China’s BTC Mining Supremacy

Aug. 27, 2024, 5:30 a.m. 3 months, 3 weeks ago

Bitcoin Power Play: Trump-Endorsed Effort Takes Aim At China’s BTC Mining Supremacy. For years, the Beijing-based company Bitmain Technologies has dominated the Bitcoin mining business, controlling an estimated 90% of the global market for the specialized computers used to power the cryptocurrency’s decentralized network.  But now, Bloomberg reports that Bitmain’s reign is facing an “unprecedented threat” as rising political tensions and …


Read more on Bitcoinist

Who, What & Where

Bitmain

Bitmain


itmain is a prominent and influential company in the cryptocurrency and blockchain …