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.
$105,602.00
-0.23%$2,522.65
2.88%$2.38
-1.31%$651.12
0.42%$166.59
-2.64%$0.999839
-0.01%$0.224079
-2.61%$0.741697
-1.26%$0.266498
-0.05%$2,523.22
2.95%$105,531.00
-0.05%$3.83
-0.99%$3,035.74
3.04%$15.75
0.58%$22.18
-2.18%$0.286114
-1.75%$26.56
-1.22%$0.00001455
-1.78%$0.193295
-0.73%$8.62
-1.12%$392.68
-2.89%$3.02
-3.55%$98.30
-1.42%$0.999689
-0.02%$4.58
-3.04%$2,526.37
2.76%$342.59
1.86%$5.21
1.56%$2,690.73
3.01%$1.00
0.19%$0.00001317
-1.51%$0.736131
-1.54%$1.001
-0.03%$105,548.00
-0.42%$30.20
-0.30%$246.06
8.17%$408.55
-1.92%$5.91
-1.89%$2.76
-1.62%$5.19
1.40%$52.39
-1.11%$200.83
-2.60%$0.925015
-2.20%$1.00
0.00%$0.095865
-2.79%$35.60
0.18%$0.107339
-3.33%$18.45
-0.30%$5.20
-0.96%$21.55
-0.79%$12.80
-2.41%$0.725671
-1.55%$0.02792568
-2.11%$1.17
-0.03%$4.56
-1.15%$1.052
-0.07%$4.77
-2.14%$1.00
0.00%$105,780.00
0.26%$0.365395
-4.27%$0.232585
-2.61%$0.22182
-1.11%$0.73181
-4.43%$2.85
-0.60%$0.390693
0.72%$4.40
0.07%$2.63
-0.92%$1.12
-2.53%$4.53
-0.74%$0.498095
-1.98%$2,528.26
3.31%$0.00001966
-1.83%$1.004
0.50%$11.73
1.05%$0.488339
-3.23%$174.52
-2.22%$2,634.73
2.83%$93.47
-2.52%$4.68
-5.82%$0.857571
-2.71%$1.94
-2.83%$1.26
-1.87%$0.01920778
-1.21%$1,727.67
0.08%$1.20
-9.63%$2,864.54
3.10%$0.222043
-3.28%$0.642598
-1.40%$0.709601
-0.73%$0.773922
-4.93%$0.999016
-0.19%$11.74
-3.36%$0.072604
0.89%$105,307.00
0.00%$0.109874
-2.24%$0.980825
-3.88%$0.00009807
0.10%$2,688.04
2.84%$3.15
-6.20%$0.99978
0.11%$0.668727
-2.83%$650.28
0.59%$0.999506
-0.02%$0.891033
-1.41%$215.79
-2.72%$185.30
-2.58%$105,299.00
-0.17%$0.01773362
-2.33%$0.01889427
-3.36%$105,839.00
0.08%$0.01295257
0.42%$0.896156
-2.84%$104,716.00
0.62%$1.00
-0.02%$3,223.79
-0.58%$0.634882
-2.46%$2,644.12
3.07%$0.222192
-2.07%$0.776547
-2.55%$3,238.61
-0.46%$0.309562
-2.32%$22.13
0.28%$12.66
-2.51%$0.00000073
-1.24%$3.92
-1.66%$2.22
-1.83%$2,640.14
2.85%$35.79
-2.30%$0.116085
-1.39%$0.067904
-7.22%$4.10
0.11%$0.01963117
-2.17%$40.99
-0.18%$0.700953
-0.18%$0.99756
-0.04%$0.614865
-1.92%$1.93
-0.37%$0.40185
-2.46%$2.05
-0.55%$0.998701
0.38%$1.78
-2.83%$0.322857
-3.45%$111.11
0.02%$1.10
-0.65%$0.223941
-2.44%$2,525.91
2.84%$2.04
-4.78%$2,526.92
3.00%$0.999772
-0.01%$105,471.00
-0.02%$2,690.82
2.76%$0.646277
-3.00%$18.26
-2.92%$2,564.38
2.45%$0.433049
-4.77%$0.620991
-3.20%$0.137515
-10.57%$105,613.00
0.00%$0.638406
-3.50%$1.00
0.04%$2,526.32
2.84%$0.00850951
-1.78%$2.98
-0.00%$7.26
-3.52%$0.999903
0.00%$0.151009
-5.48%$0.432717
3.79%$0.183408
-2.66%$0.06478
1.61%$103,025.00
-0.75%$1.90
2.13%$0.704131
7.29%$0.00500143
-2.55%$0.183602
-0.65%$6.47
-2.17%$0.050167
-1.22%$0.451003
-2.95%$1.65
3.14%$0.088431
-1.72%$0.00002248
-2.10%$0.09403
-2.26%$0.00000043
0.01%$0.43168
-8.15%$2,518.03
2.55%$0.04349912
-2.37%$0.00000107
-3.17%$0.00787985
-1.51%$1.27
-4.13%$1.087
0.00%$1.001
-0.57%$1.35
-5.27%$0.999926
-0.01%$0.151924
-2.65%$0.170681
-3.48%$0.00570152
9.08%$1.00
-0.05%$42.84
-4.02%$106,157.00
1.70%$0.00455951
0.34%$1.54
-1.34%$1.00
0.05%$0.389579
0.04%$34.17
0.30%$0.232362
-2.71%$3.12
-2.83%$2,667.79
2.82%$0.01893001
-1.43%$0.336042
-8.35%$0.00356341
0.31%$26.64
-1.04%$3.90
4.24%$1.00
-0.04%$132.36
0.60%$0.03521038
-0.35%$0.368611
-4.19%$0.830972
-0.97%$0.869399
27.29%$2,770.51
2.79%$1.10
0.10%$0.760188
-5.13%$0.341526
-0.52%$105,301.00
-0.30%$0.00006216
-0.66%$2,750.82
2.68%$19.77
-1.47%$0.00000159
-0.60%$0.999748
0.32%$2,526.49
2.83%$0.99993
0.00%$1.00
0.01%$0.225709
1.18%$0.280938
-3.66%$0.249747
-2.56%$0.681702
-2.17%$2,726.16
3.19%$22.10
-2.26%$2,502.86
2.24%$18.35
-4.36%$0.00071987
-3.35%$2.69
0.16%$0.00333993
-1.15%$26.59
-1.19%$23.42
-1.38%$0.00280665
-3.39%$0.492233
-0.59%$0.999662
-0.03%$0.561436
-2.97%$0.999595
-0.11%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.
Decentralized communication protocol WalletConnect is embarking on the next phase of its growth with Smart Sessions, a new standard that will “redefine” wallet UX for the AI-powered future of the internet. In a new blog post, WalletConnect Foundation founder Pedro Gomes outlined his vision for a “seamless, intelligent onchain world” powered by AI agents communicating through Smart Sessions. “Smart Sessions aren't just a UX upgrade,” Gomes wrote, explaining that they “fundamentally reshape the ec...
Ethereum co-founder Vitalik Buterin wants to make it easier for average users to run Ethereum nodes by changing how they sync with the network, using regular consumer hardware. On Ethereum, a node can be built on any computer able to run its software and connect with others to share and verify data across the network. Working together, they validate transactions and maintain Ethereum's security. Having a full node is valuable as it means a user can maintain a local server that could run Ethereum...
When Netflix quietly announced plans to remove “Bandersnatch”—the groundbreaking interactive episode from Black Mirror—futurist and journalist Katie Schultz launched a campaign to preserve what she calls a pivotal moment in streaming history. Outraged at what she saw as the quiet erasure of a significant chapter in streaming innovation, Schultz launched a Change.org petition to preserve Bandersnatch—and within days, it gathered more than 6,500 signatures from show supporters. “This isn't just ab...