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US overtakes China as world’s largest Bitcoin mining hub

October 14, 2021
Source: washingtonexaminer.com washingtonexaminer.com
News Snapshot:
T he United States has supplanted China as the world’s largest center for Bitcoin mining after Beijing announced that the practice would be forbidden. The U.S. now accounts for more than 35% of the global share of Bitcoin mining, a figure far higher than just a year ago, when it accounted for just 4.2%, according to research published on Wednesday by Britain’s Cambridge Centre for Alternative Finance. Kazakhstan is now the world’s second-largest source of Bitcoin mining, followed by Russia. Bitcoin mined in China had previously dominated the global supply. The country accounted for nearly 67% of Bitcoin mining worldwide...
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Tags: bank | Bank of China | Beijing | bitcoin | blockchain | China | Chinese | crackdown | crypto | cryptocurrency | currency | data | digital | Ethereum | finance | fintech | government | HERE | illegal | IT | Kazakhstan | Liu He | Russia | United States | Washington

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