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Press release Box-ID: 1113645

Smart IT Alliance GmbH TecCenter 1 31162 Bad Salzdetfurth, Germany http://www.crypto-mining-farm.de/
Contact Ms Jennifer Behrens 05063-6329790

Despite the ban: China surprises with high mining activity

While bitcoin mining is enjoying brisk activity around the world, the People's Republic of China recently moved to outlaw mining activities.

(PresseBox) (Bad Salzdetfurth, )
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Smart IT Alliance GmbH

www.crypto-mining-farm.de

However, the latest figures from the University of Cambridge’s Mining Map now show that China still has a large share in Bitcoin mining. You can find out how this is possible in this blog article.

Mining ban in China

The Middle Kingdom is known for its radical politics, which likes to disregard the needs of its own citizens and ban things overnight. Bitcoin mining was also affected by dictatorial measures not too long ago, which the ruling party was supposed to completely stop and was forbidden by law. With this declaration of illegality, the Chinese rulers most likely wanted to prevent individual citizens from being able to enrich themselves without their help. In fact, Bitcoin mining was popular in China and operated in many parts of the country. After the measure was decided, countries such as Kazakhstan and Russia, but also the USA, benefited from the mining exodus. This effect was clearly visible on the University of Cambridge's Mining Map, a project to visualize the percentage of computing power in the Bitcoin network worldwide.

Crypto Mining Still Strong

However, the latest data from the same map now shows just as clearly that a considerable part of the computing power (21% of the total hash rate) is still provided by China. The reason for this could be that Chinese crypto miners are not willing to just let the butter be taken off their bread and are now starting to get creative when it comes to continuing and covering up their mining activities. Presumably, among other things, the fact that hydroelectric power plants also have to be connected to data networks is used to cover up the mining activities. Home mining is also still a big trend and restrictive corona lockdowns by the government, such as currently in Shanghai, favor the irrepressible will of the miners, true to the motto "now more than ever", in the quiet little room.Presumably, politicians are currently busy regulating other things in the country than pursuing illegal mining activities, where there are smarter heads at the other end of the computer anyway.

True Bitcoin followers are not easily dissuaded from such an interesting undertaking as mining the coin and would like to continue to do their part in the future.Ultimately, this incident from Southeast Asia is another proof of the unstoppable nature of cryptocurrencies and their entire development. By the way, if you want to operate bitcoin mining a little less cumbersome and less in secret, you will find the right products with us.

Smart IT Alliance GmbH

Smart IT Alliance GmbH, specializing in the delivery of crypto mining hardware and crypto mining farms, inspires its customers with well thought-out system configurations, power and heat concepts, IT security, professionals for implementation and exceptionally fast deliveries. By operating our own crypto mining farms, countless miner configurations have already been tested, problems solved and ideal implementations for all possible variants tested live.

Customers often approach Smart IT Alliance GmbH with a request to design and implement a coherent overall concept - from bare ground or even without a suitable property for the mining farm. Anyone who is allowed to become a customer of Smart IT Alliance GmbH can enjoy indescribably close customer loyalty, full service, special offers and lightning-fast implementation. A separate subsidiary was founded in Hong Kong with on-site employees just for the faster implementation of deliveries from Asia.

The most important point in the overall approach of Smart IT Alliance GmbH is that not only the one delivery but the overall concept is seen and always kept in mind for each customer. Otherwise, the miners cannot be connected in the office, warehouse or new mining farm because the power connection is not sufficient for the high permanent load, the heat cannot be transported away, IT security is not given, the noise was ignored or or or .

And so that the tax KO blow does not come later, Smart IT Alliance GmbH strongly recommends that every customer bring the most experienced tax and corporate law expert, Mr. Thomas Breit, on board right from the start.

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.