Joined: 4/2/2016(UTC)
Posts: 2,373
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The United States beats China in becoming the world's biggest epicenter for Bitcoin Mining According to a Cambridge Centre for Alternative Finance study published on Wednesday, the United States has become the world's biggest Bitcoin miner. It accounts for 35.4% of the global hash rate at the end of July 2021. China’s mining ban and renewed Bitcoin crackdown, in July 2021, is the reason for the dramatic hash rate rise in the US. However, it is highly unlikely that Bitcoin mining has stopped completely in China as it is speculated that the recent rise in the hash rates for Ireland and Germany is partly due to miners in China making use of VPN's or proxy servers. (Source: Bitcoin Magazine)
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Joined: 6/16/2022(UTC)
Posts: 5
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And what does the crypto scene look like now, in 2023?
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Joined: 6/16/2022(UTC)
Posts: 5
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This piece of news shows how resilient the cryptocurrency industry is, and how it can adapt and grow even in the face of challenges. I wonder what this will mean for the future of Bitcoin mining and how it will affect the price and demand for Bitcoin. Speaking of which, have you ever tried swing trading for beginners? It's a popular trading strategy that can be very effective for short-term price movements. It's all about taking advantage of market swings and making quick trades to capture profits. There are a lot of great resources out there for beginners looking to get into swing trading, so check it out if you're interested.
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Joined: 4/22/2023(UTC)
Posts: 2
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It would be really interesting to get an update on the current crypto mining landscape and see who's leading the pack now. The crypto market never ceases to amaze with its twists and turns!
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Joined: 9/30/2023(UTC)
Posts: 29
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The shift in Bitcoin mining dominance to the US after China's crackdown is fascinating. It's interesting how miners might adapt with VPNs. The evolving landscape keeps the crypto world buzzing. Wonder how these changes will play out globally!
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Joined: 10/14/2023(UTC)
Posts: 24
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The United States now leads global Bitcoin mining with a 35.4% hash rate, as per a Cambridge Centre for Alternative Finance study. This shift is attributed to China's mining ban and Bitcoin crackdown in July 2021. Despite the apparent decline in China's hash rate, speculation suggests some miners may be using VPNs or proxy servers, indicating a potential continuation of operations.
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Joined: 10/8/2023(UTC)
Posts: 8
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It's really interesting to see how Bitcoin mining has changed, with the United States now leading the way. China's ban on mining and crackdown on Bitcoin has clearly had a big impact on the global distribution of hash rates. The fact that miners might be using VPNs or proxy servers adds another fascinating aspect to this evolving story.
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Joined: 11/22/2023(UTC)
Posts: 23
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The U.S. taking the lead is unexpected but cool. China's crackdown definitely shook things up, and the whole VPN/proxy angle adds a spicy twist to the plot. Crypto world drama at its finest!
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