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More than 80% of bitcoin transactions take place in Chinese yuan, according to a new research report on payments from Goldman Sachs.In China, savvy entrepreneurs are making millions a year by mining bitcoin.Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.China now Controls Bitcoin. (in multiple industries), Rare Earth Element mining.As mining difficulty increases, the least efficient miners are forced to shut down first.
How China Took Control of Bitcoin - SlashdotChina has shown to have powerful influence over bitcoin, but the miners may be getting too much control, and their dominance is growing.
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Motherboard, a blog run through Vice Media LLC, was recently given a tour of a bitcoin mining facility in Dalian, a port city in Liaoning Province, northeast China.
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Russia to Rival China in Bitcoin Mining? Putin’s Aide
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