New Data Shows Underground Bitcoin Mining Thriving in China

<p> </p> <p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p> </p> <p><span style="font-weight: 400;">On today’s episode of “The Breakdown,” NLW looks at new bitcoin mining data from the Cambridge Centre for Alternative Finance. Surprisingly (or unsurprisingly, depending on whom you ask), China is back at the No. 2 spot in global hashrate, despite there ostensibly being a full bitcoin mining ban. NLW also looks at the finance conference that has brought representatives of 44 countries to El Salvador, where they’re learning about bitcoin among other topics. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to</span></em> <a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">and get started now. </span></em></p> <p><em><span style="font-weight: 400