China’s Share of Bitcoin Mining Drops as Kazakhstan Soars to Popularity

China’s crackdown on mining Bitcoin (BTC) and other cryptocurrencies has begun to take effect on the global distribution of mining capacity. According to Cambridge Centre for Alternative Finance, the country accounted for roughly 46% of the electric supply used for Bitcoin mining in April. During this period, Kazakhstan has emerged as the third-biggest player in the crypto mining scene, with a six-fold increase in its share of global BTC mining.

China’s Bitcoin Mining Capacity Plummets as Kazakhstan Becomes Popular With Miners
Research published by Cambridge on Thursday indicated that the much-anticipated diversification of the crypto mining industry is in progress after China implemented severe restrictions against miners this year.