Report: Sixty percent of Bitcoin mining business is distributed in China, of which Sichuan accounted for 48%

Chris Bendiksen, head of research at CoinShares, recently said at the Fidelity Mining Summit that "the bitcoin is mainly exploited by China's coal, a non-clean energy source," is a common view. His team recently researched the main areas and energy sources of Bitcoin mining and found that the mining business is mainly deployed in mountainous areas, which often have larger rivers, and renewable energy accounts for a higher proportion of the entire energy structure. . CoinShares reports that 48% of the world's encrypted mining activities occur in Sichuan Province, China, where renewable energy accounts for up to 90%; 12% of mining activity is distributed in other parts of China, where renewable energy accounts for approximately It is 50%.