Proposal represents 1/3 of global mining capacity: expertIt's difficult to definitively determine how many computers make up the global bitcoin mining network; de Vries pegs that number at around three million. Bitcoin processors solve complex mathematical problems to enable bitcoin transactions, and miners earn bitcoin for doing so. WATCH | Engineer Brandon Arvanaghi discusses the recent exodus of bitcoin miners from China:Bitcoin mining engineer Brandon Arvanaghi talks China crackdown 0:30 Bitcoin mining engineer Brandon Arvanaghi discusses what sorts of environments might prove to be landing spots for bitcoin miners after China's recent crackdown. "But bitcoin mining in itself, I don't think that's something we should be attracting without any oversight." De Vries of Digiconomist said that report raised warning flags for bitcoin mining projects around the globe.

Source: CBC News August 10, 2021 08:00 UTC