US eclipses China as global hub for Bitcoin mining

US eclipses China as global hub for Bitcoin mining

US eclipses China as global hub for Bitcoin mining

TRT World says the rapid decline of China as a crypto mining powerhouse has seen the US and Kazakhstan become attractive destinations for migrant miners.

The US is now the number one destination for Bitcoin miners, overtaking China following a crackdown that effectively eliminated the industry in the country.

As of the end of August, the US accounted for 35.4 percent 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.

https://www.trtworld.com/magazine/us-eclipses-china-as-global-hub-for-bitcoin-mining-50752


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