In brief
Bitcoin mining enters the mainstream
This story was produced in collaboration with our friends at Forkast, a content platform focused on emerging technology at the intersection of business, economy, and politics, from Asia to the world.
$101,648.00
-3.08%$2,430.40
-6.85%$2.10
-4.95%$634.53
-4.37%$144.70
-5.79%$0.999786
-0.00%$0.171627
-8.94%$0.268666
-2.00%$0.627374
-5.99%$2,430.98
-6.82%$101,469.00
-3.06%$34.44
-3.02%$2,926.31
-6.78%$2.95
-7.21%$12.94
-6.55%$8.80
-2.55%$0.257319
-3.59%$18.84
-6.79%$384.62
-4.19%$3.05
-3.66%$0.999676
-0.01%$0.00001204
-6.15%$0.159885
-4.54%$2,428.14
-7.03%$83.29
-5.31%$2,593.31
-6.93%$0.996445
-0.37%$1.001
-0.02%$3.83
-5.06%$315.62
-0.07%$4.55
-4.67%$0.62226
-4.10%$0.00001073
-9.63%$101,492.00
-3.18%$31.02
-0.76%$244.33
-7.52%$5.93
-6.15%$1.18
-0.04%$355.94
-5.99%$49.74
-0.45%$0.098152
-2.03%$1.00
0.00%$4.49
-6.48%$2.26
-7.38%$174.37
-5.88%$1.054
0.02%$4.90
-6.47%$16.34
-5.41%$0.781193
-6.27%$30.13
-3.47%$18.45
-3.74%$0.996929
-0.20%$0.081478
-2.18%$0.633188
-4.38%$9.81
-9.36%$0.02274058
-4.37%$0.729761
-8.12%$4.43
-0.00%$4.10
-4.44%$3.58
-4.62%$101,134.00
-2.96%$0.199579
-6.46%$0.287638
-8.55%$111.89
-3.32%$1.037
-9.44%$2.38
-7.53%$0.998931
0.00%$0.324236
-10.10%$0.181473
-5.26%$0.072884
-2.06%$4.31
-2.83%$2,416.73
-7.38%$0.999688
-0.07%$11.09
-0.59%$1.001
-0.00%$0.459894
-11.63%$1.98
-8.33%$151.57
-6.57%$1.22
-2.67%$0.01754576
-1.96%$0.365328
-6.52%$2,761.46
-6.94%$0.00001458
-7.55%$11.40
-6.54%$1.68
-5.22%$3.91
-3.40%$2,538.31
-7.03%$0.695524
-7.80%$1.055
11.22%$0.591877
-5.80%$0.995917
-0.28%$1.066
-5.47%$0.999428
-0.01%$1.00
-0.04%$0.180458
-7.00%$0.058351
-2.43%$101,487.00
-2.90%$0.499267
-9.24%$0.580354
-6.94%$2,598.01
-6.33%$2,548.72
-6.79%$0.618112
-5.20%$631.36
-4.77%$0.087668
-7.38%$101,392.00
-3.12%$3,361.06
-0.38%$0.829298
-6.75%$2,552.23
-6.93%$3,377.94
-0.30%$101,401.00
-2.82%$47.86
-4.68%$160.80
-5.87%$0.00007605
-7.62%$2.27
-6.11%$0.714466
-5.29%$187.73
-5.85%$111.32
0.01%$0.766712
-13.67%$0.0153512
-6.88%$0.999778
0.05%$19.89
-7.93%$0.00000067
-3.16%$0.01348033
-6.89%$0.171021
-5.98%$3.97
-3.70%$0.469262
-3.81%$0.997809
0.03%$0.257871
-5.99%$31.61
-5.18%$0.10867
-6.42%$2.00
-0.20%$101,464.00
-2.81%$2.10
-4.60%$0.103277
-6.19%$1.10
-0.01%$0.596419
-8.65%$0.00936523
-7.16%$1.095
0.32%$0.99981
0.03%$1.69
-9.04%$0.543448
-5.67%$9.88
0.09%$0.346932
-5.33%$2,428.51
-6.91%$1.55
-4.95%$2,429.33
-7.01%$0.664756
-7.59%$2.88
-4.21%$1.79
-8.04%$2,540.09
-7.31%$2,596.90
-6.76%$101,578.00
-3.09%$1.00
0.08%$34.57
-2.70%$0.01458128
-5.81%$0.260021
-5.92%$0.187335
-2.08%$2,428.19
-7.03%$101,266.00
-3.13%$0.481933
-10.41%$2,619.85
-7.10%$0.065052
2.29%$0.0459517
-7.75%$0.050033
-1.26%$0.417993
-4.49%$0.999792
-0.00%$0.61202
-4.17%$1.001
0.00%$0.17077
-9.57%$0.125609
-7.44%$0.00418461
-11.38%$14.49
-6.95%$0.492577
-8.06%$1.69
2.61%$1.088
0.00%$0.00002048
-4.96%$0.996344
-0.66%$0.515383
-6.09%$1.33
-10.90%$0.0000004
-4.93%$5.67
-6.03%$36.31
-2.23%$1.002
0.65%$96,256.00
-4.32%$0.967325
-7.12%$5.96
-7.83%$0.361367
-12.11%$42.54
-5.80%$2,426.10
-6.93%$0.383676
-2.07%$0.999809
-0.01%$34.56
-2.94%$2.33
-5.15%$0.00644275
-6.73%$0.314265
-10.60%$0.00399145
-9.09%$0.071659
-5.92%$0.01873056
-2.49%$2,572.27
-7.18%$1.27
-8.07%$0.0368061
-5.76%$0.140074
-3.93%$0.00428003
-17.25%$0.526024
-9.40%$1.061
-7.33%$0.132518
-8.00%$2,670.60
-7.09%$8.00
-23.17%$101,376.00
-3.05%$0.071174
-8.48%$1.21
-8.27%$0.33188
-4.84%$0.03278011
-1.12%$101,535.00
-3.18%$0.772877
-4.38%$0.00382212
-5.00%$2,652.17
-6.95%$121.59
-6.34%$0.00604641
-5.32%$0.00000081
-8.30%$0.999293
-0.03%$19.07
-2.25%$0.994325
-0.41%$0.00005669
-3.88%$2,428.26
-7.04%$0.999525
-0.05%$0.199849
-6.34%$0.121902
-9.89%$157.12
-5.85%$2,426.03
-6.93%$0.00000144
-1.30%$2.89
-1.58%$0.303238
-5.01%$18.84
-6.69%$0.624429
-11.11%$0.283969
-9.87%$0.462112
-8.53%$0.196229
-7.15%$1.67
-1.64%$2.25
-8.25%$0.591801
-8.24%$0.999828
0.01%$1.34
130.31%$0.998874
-0.15%$0.00291623
-8.54%$0.00373941
-8.26%$2,042.63
-2.96%$100,064.00
-4.17%Reading
Every year, 10 million students take China’s national college entrance examination, known locally as the “Gaokao”. Students preparing for this year’s grueling exam, scheduled for July 7th and 8th, could well be asked to analyze the economic geography of the Bitcoin mining industry.
A leading education publisher’s mockup Gaokao exam has a question that asks students to provide an analysis of why Bitcoin mines would be clustered in the province of Sichuan, according to a screenshot of the paper. Students are given some context of the province’s geography: rich in hydropower, the infrastructure is overbuilt for the population base and plenty of hydropower is wasted. From there, students are asked to analyze why Bitcoin mines would want to operate in the area, and how seasonality would affect the industry.
Two students that spoke to Forkast said that the question was a fairly easy one, and the theme of economic geography comes up ever year—though the context of Bitcoin mining was a topical twist on an old theme.
Other reports from local media in China indicate that Bitcoin mining has appeared as a topic in other publishers' exam prep books, with questions ranging from defining how the process works to exploring issues like pollution and e-waste.
As the Gaokao is written by an enormous cross-section of Chinese society, like the USA's SATs or the United Kingdom's A-Level exams, the questions asked become deeply rooted in the broader cultural zeitgeist of young people. They're also considered to be a barometer of the most important political topics at all levels of government.
Around two thirds of Bitcoin’s hash rate is controlled by Chinese miners, confirming the populous nation’s stranglehold over the Bitcoin network, according to a bi-annual report by CoinShares. Since CoinShares’ previous report in June 2019, Bitcoin’s hash rate has increased by almost 80 percent, which CoinShares attributes to strong average bitcoin prices, combined with “large-scale availability of next-generation mining gear” that facilitates strong mining And CoinShares believes that China wa...
For example, the civics section of 2007’s Gaokao focused heavily on the 11th 5-year plan, a quinquennial set of economic and development initiatives presented to China’s congress. On 2014’s test, the Belt and Road Initiative, introduced earlier that year to drive economic growth in China, took center stage.
In 2020, Bitcoin mining has been elevated to the same level. As the industry becomes more established in China, it’s something educators believe that young people should know about.
This story was produced in collaboration with our friends at Forkast, a content platform focused on emerging technology at the intersection of business, economy, and politics, from Asia to the world.
Crypto's best minds are heading east, and it's gaining at a pace that other regions are finding hard to catch up to. Asia was responsible for 32% of global crypto developer activity in 2024, according to a report from venture firm Electric Capital. The firm recently published its comprehensive annual report, analyzing over 900 million code commits across the crypto industry. The transformation represents a nearly threefold increase from Asia's 12% share in 2015, while North America's position de...
Google's announcement of its breakthrough Willow quantum processor has reignited debates about crypto security, with some observers suggesting quantum computers could break Bitcoin's encryption. The tech giant claims its new quantum computing chip can complete certain calculations in five minutes, which would take traditional supercomputers an impractical amount of time to process. Quantum computing is a new type of computing that uses the strange properties of quantum physics, where small part...
Dimo, a platform for developers to build apps and enable car drivers to monetize their data, is migrating between Ethereum scaling networks, the developers exclusively told Decrypt—from Polygon to Coinbase’s Base. Co-founder Rob Solomon believes the move opens doors for valuable partnerships ahead. The project is a “global API layer for cars” that is aiming to make every car on earth smart and programmable. This could manifest, the company says, in a future full of AI car mechanics and smart par...