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Skip to main content The have started to turn the. The Chinese government has been.

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How do cryptocurrency exchanges work

This could help to explain why China's share of the global bitcoin market went to zero practically overnight, since the bitcoin mining index is based upon data voluntarily shared by mining pools. Ben told CNBC that in China, a mine that is above one megawatt at a single location is now considered sizable. VIDEO Miners conceal their IP address by using a virtual private network, or VPN, to mask their geographic digital footprint. At one of his locations in Sichuan, Ben paid a one-time fee to lease an entire power plant that operates off the grid, which is one way he lowers his chance of being found out.