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#1 Posted : Friday, October 22, 2021 4:05:39 PM(UTC)

Joined: 4/2/2016(UTC)
Posts: 2,034
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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