Bit Deer COO: Over 50% of global mining is in China, which is still unsaturated.

According to the 21st Century Business Herald on March 15, Bit Deer Ye Jiejie's COO said China is still the center of the Bitcoin mining industry. It is the second largest in the United States, accounting for 14%. Ye Jiejie pointed out that despite the huge power consumption of Bitcoin mining, electric power still has a lot of room for improving power consumption. Bitcoin mining has only two requirements: electricity and the internet. In fact, the negative electricity consumption is that it can provide jobs and taxes to some of the weakest places anytime and anywhere. Currently, the mining industry is not saturated, and as Bitcoin's market capitalization increases, the size of the mining industry that can adapt has grown significantly. However, due to the insufficient supply of miners in the current market, it is difficult for new companies or new investors to enter and find the technology.