May 13, 2021

UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’



United Kingdom-based Bitcoin ( BTC ) mining firm Argo Blockchain just recorded the best quarter in its history, generating record revenues for three months straight. Yet despite the burgeoning cryptocurrency mining venture emerging in the west, the vast majority of Bitcoin production still takes place in China, where cheap, coal-powered electricity fuels an untold number of mining rigs. A recent report by Nature.com revealed that as much as 75% of Bitcoin mining takes place in China —…