The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining. Sichuan — 10% of the global hashrate According to estimates from Cambridge University, Sichuan is responsible for almost 10% of the global hashrate. In fact, this single Chinese province mines more Bitcoins than the entirety of the U.S. or Russia. China: Bitcoin Mining Map. Source: Cambridge University. Apparently, Sichuan was previously trying to attract the miners in order to combat the economic downturn and ... (full story)