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US emerges as biggest Bitcoin miner after China crypto crackdown

October 14, 2021
Source: watchpkonline.com watchpkonline.com
News Snapshot:
China was the biggest miner of Bitcoin until authorities there effectively banned the practice. Now, the US has claimed China’s Bitcoin mining crown. By Bloomberg 13 Oct 2021 The U.S. has become the world’s epicenter for Bitcoin mining after a crackdown in China effectively eliminated the practice in the former cradle of the industry. At the end of August, America accounted for 35.4% of the global hash rate, a measure of computing power used to extract the digital currency, according to a Cambridge Centre for Alternative Finance study published on Wednesday. That’s more than double the activity seen in April....
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Tags: America | bitcoin | blockchain | Bloomberg | BTC | Business | China | Computing | crackdown | crypto | cryptocurrency | currency | data | digital | education | finance | financial | fintech | foundry | Germany | IP | Kazakhstan | United States | university | USA

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