Jakarta, CNBC Indonesia – Mining bitcoin has completely recovered from China’s crackdown on crypto assets that left more than half of the world’s miners in a quandary earlier this year.
China has long been the center of the industry, with previous estimates suggesting that 65% to 75% of the world’s bitcoin mining takes place there. But after Beijing effectively expelled the country’s crypto miners in May, more than 50% hashrate bitcoin drops off the global network.
Recovery can be measured by looking at hashrate, the term used to describe the computing power of all the miners on the bitcoin network.
On Friday, data from blockchain.com indicates that the network has completely reduced the deficit. Hashrate network rose about 113% in five months.
Bitcoin Fast Recovery
When half the bitcoin network died earlier this year, many experts said that miners would come back online and migrate to North America. Many predictions were also made about the required time frame to return the network to its previous high level.
Texas bitcoin miner and engineer Marshall Long – who is head of architecture at Rhodium Enterprises, a fully integrated bitcoin miner that uses a liquid-cooled infrastructure – told CNBC International that he was a little surprised by the speed of his recovery.
“I think [penambangan] will [pulih; sekitar akhir Januari, awal Februari,” katanya. Yang lain berpikir itu akan memakan waktu lebih lama dari itu, menambahkan enam hingga dua belas bulan lagi ke prediksi Long.
Menurut Kevin Zhang dari perusahaan mata uang digital Foundry, yang membawa lebih dari US$ 400 juta peralatan pertambangan ke Amerika Utara, pemulihan cepat jaringan bitcoin terjadi
Covid juga berperan
Meskipun pandemi global menutup sebagian besar ekonomi, uang stimulus pemerintah terbukti menguntungkan bagi perusahaan pertambangan AS.
“Semua uang yang disuntik selama pandemi berarti perlu lebih banyak modal untuk dikerahkan,” jelas Brandon Arvanaghi, yang sekarang menjalankan Meow, sebuah perusahaan yang memungkinkan partisipasi perbendaharaan perusahaan di pasar kripto.
“Orang-orang mencari tempat untuk meletakkan uang mereka. Keinginan untuk investasi tidak pernah sebesar ini.”
Pertaruhan itu membuahkan hasil. Data dari Universitas Cambridge menunjukkan bahwa AS sekarang menjadi tujuan nomor satu bagi penambang bitcoin, melampaui China untuk pertama kalinya.
(fsd/fsd)
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