Report: China's bitcoin miners have decreased, but still dominate the encryption hardware manufacturing industry

CoinShares, a crypto asset research company, recently released a report on the Bitcoin mining network. The report focuses on electricity consumption. It is estimated that the electricity consumption of the entire Bitcoin mining industry in May 2019 was about 4.7 GW, which is similar to the data in November 2018. The number of Chinese bitcoin miners has unexpectedly decreased, and China's dominant position in the cryptographic hardware manufacturing industry is still as strong as ever, and there is no immediate sign of weakness.