BTC

+0.86%

$19657.26
ETH

+1.39%

$1350.22
LTC

+0.06%

$53.53
DASH

-9.17%

$39.33
DCR

-5.24%

$24.4
ZEC

-7.05%

$52.6
location Home > News > Details

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

2022-01-15 15:14

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.

LLGO'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 LLGO 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.

BTC
Shut Down
Issue amount 21000000
24 hours volume 3.92M
24 hours turnover $ 77.29B
Market Direction Short
Panic Index 20 (Extreme panic)
Swap Rate 20.48%
Market Value Proportion 38.60%
market value $ 2,048.87 x 100 million
24 hour increase 0.86%
Computing power 222.66 EH/s
daily output 0.00000392 BTC / T
Halving 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.

+67.05%
ETH
Shut Down
Issue amount 121630728
24 hours volume 27.52M
24 hours turnover $ 37.37B
Market Direction Long
Swap Rate 22.46%
Market Value Proportion 17.18%
market value $ 808.87 x 100 million
24 hour increase 1.39%
Computing power 855.24 TH/s
daily output 0.00001549 ETH / M
Halving 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.

+372.30%
LTC
Shut Down
Issue amount 84000000
24 hours volume 11.23M
24 hours turnover $ 606.00M
Market Direction Short
Swap Rate 15.76%
Market Value Proportion 0.39%
market value $ 22.25 x 100 million
24 hour increase 0.06%
Computing power 485.80 TH/s
daily output 0.00001511 LTC / M
Halving 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.

-7.26%
DASH
Shut Down
Issue amount 18900000
24 hours volume 797.46K
24 hours turnover $ 33.90M
Market Direction Short
Swap Rate 7.29%
Market Value Proportion 0.04%
market value $ 3.68 x 100 million
24 hour increase -9.17%
Computing power 2.35 PH/s
daily output 0.00024754 DASH / G
Halving 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.

-58.77%
DCR
Shut Down
Issue amount 21000000
24 hours volume 37.92K
24 hours turnover $ 954.47K
Market Direction Long
Swap Rate 0.26%
Market Value Proportion 0.03%
market value $ 2.51 x 100 million
24 hour increase -5.24%
Computing power 85.24 PH/s
daily output 0.00000354 DCR / G
Halving 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.

-87.59%
ZEC
Shut Down
Issue amount 21000000
24 hours volume 1.37M
24 hours turnover $ 81.08M
Market Direction Short
Swap Rate 8.95%
Market Value Proportion 0.09%
market value $ 5.35 x 100 million
24 hour increase -7.05%
Computing power 9.71 GH/s
daily output 0.00028412 ZEC / K
Halving 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.

+61.30%
hide
New payment password
Confirm the new password
Email verification code
Cannot receive a CAPTCHA?