BTC
$17205.13

0.00%

BTC
URL bitcoin.org
$ 17205.13
Market Value $ 3,612.74 million
Change 0.00%
power 258.41 EH/s
Daily output 0.00000367 BTC / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+93.87%
DCR
$24.4

0.00%

DCR
URL decred.org
$ 24.4
Market Value $ 5.12 million
Change 0.00%
power 65.55 PH/s
Daily output 0.00000437 DCR / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-90.45%
LTC
$77.85

0.00%

LTC
URL litecoin.com
$ 77.85
Market Value $ 65.37 million
Change 0.00%
power 585.73 TH/s
Daily output 0.00001220 LTC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+11.82%
BCH
$111.73

0.00%

BCH
URL bitcoincash.org
$ 111.73
Market Value $ 23.46 million
Change 0.00%
power 1.60 EH/s
Daily output 0.00057400 BCH / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-80.79%
ZEC
$52.6

0.00%

ZEC
URL z.cash
$ 52.6
Market Value $ 11.05 million
Change 0.00%
power 10.17 GH/s
Daily output 0.00026986 ZEC / K
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+68.94%
DASH
$39.33

0.00%

DASH
URL dash.org
$ 39.33
Market Value $ 7.43 million
Change 0.00%
power 2.48 PH/s
Daily output 0.00022287 DASH / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-56.49%
ETC
$19.2843

0.00%

ETC
$ 19.2843
Market Value $ 40.61 million
Change 0.00%
power 133.76 TH/s
Daily output 0.00011647 ETC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-26.13%

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Your Location: Home > News > Details

The hard days are over, hidden Chinese miners have to find overseas mines

2021-12-21 17:19

The hard days are over, hidden Chinese miners have to find overseas mines

It is widely acknowledged that most of the Bitcoin miners in China have been forced to shut down due to the severe policy made by the Chinese government.

However, according to CNBC reports, as many as 20% of Bitcoin miners in the world still remain in China with a more covert mining method. Although this share is far below the peak of 65% to 75%, it is still way higher than the official estimate made by the University of Cambridge that China’s current share is 0%.

As a result of the policy crackdown, many of China's big miners have chosen to go to Kazakhstan, Canada, the United States and other places to dig. However, supply chain and transport bottlenecks caused by the COVID pandemic have made it difficult for small and medium-sized miners with limited disposable funds and international resources to relocate. As of November, China still had an average of more than 100,000 cryptographic mining IP addresses active every day, mostly in Guangdong, Jiangsu, Zhejiang and Shandong provinces, data showed.

But mining in China cannot last long after all, because the hard days have passed, and these underground miners are largely dependent on off-grid small hydroelectric power plants. In the past, as the dam dried up, Chinese mining unions moved to Xinjiang and Inner Mongolia to use coal and electricity for mining, but now they must transport the equipment overseas and find a suitable mine for hosting.

RHY's mines in Canada and the United States are still being expanded to meet the needs of miners around the world. What calls for special attention is that due to policy, mining platforms cannot provide services for users in mainland China.

For miners, the best way is to set up their own mines for mining. However, most of the small and medium size miners do not have enough funds to invest in the construction of mines, nor do they have complete international resource channels. At present, the RHY mine construction project is under construction, and small and medium size miners can still own their mines by claiming equity.

Please contact us If you are interested in mine co-construction.


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