U.S. Becomes World’s Biggest Bitcoin Miner, Beating China



The United States is now the epicenter for Bitcoin Mining, accounting for 35.4% of the global hash rate at the end of July 2021, according to a Cambridge Centre for Alternative Finance study published on Wednesday.

The increase is more than double the U.S. global hash rate since April 2021. In April of 2021, the U.S. controlled 17.77% global hash rate, while China still had 43.98%. 

After China’s mining ban, in July of 2021 the hash rate in the U.S. rose to 35.40%, and that of China fell to virtually zero.



Source link

admin

Read Previous

Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals – Bitcoin News

Read Next

AGM Group Holdings Inc. Announces First Significant Order of 30,000 Digital Currency Mining Machines

Leave a Reply

Your email address will not be published. Required fields are marked *