{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"The Scoop Mining Report with Wolfie Zhao: The end of China's bitcoin mining powerhouse","html":"","width":"100%","height":180,"duration":1177,"description":"The latest data from Cambridge Centre for Alternative Finance shows that the U.S. has taken over China as the country with the biggest share of Bitcoin's hash rate.\nThe backdrop of this data shift: the near-complete exodus of bitcoin miners from China, once the undisputed powerhouse for this particular sector of the crypto economy.\nThis historic reversal took place over the course of mere months after China ordered its initial crackdown on the crypto mining space in May. China's government escalated the crackdown even further last month, and major companies like Bitmain have been forced to react. \nWith the effects of China's mining crackdown still lingering, this special episode of The Scoop -- the Mining Report -- features The Block editor Wolfie Zhao and host Frank Chaparro as they discuss the state of mining on an international level as well as the current state of affairs in China today.\nSome of the topics covered include:\n\nWhat China's \"banned\" in 2013, 2017, and 2021 and why this time was different.\n\nThe different situation in China for Ethereum miners who rely on GPUs.\n\nWhy Chinese miners who owned mining equipment had options in the wake of the crackdown but those invested in mining firms faced tough choices.\n\nWhy a comeback in China is unlikely -- and why the U.S. hashrate share is set to keep growing. \n\n\nEpisode 69 of Season 3 of The Scoop Mining Report was recorded remotely with The Block’s Frank Chaparro and Wolfie Zhao, Asia Editor.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.\nThis episode is brought to you by our sponsors Bakkt, Kraken and Exodus\nBakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}