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

Joined: 4/2/2016(UTC)
Posts: 2,364
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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#2 Posted : Wednesday, February 15, 2023 9:11:43 AM(UTC)

Joined: 6/16/2022(UTC)
Posts: 4
And what does the crypto scene look like now, in 2023?
#3 Posted : Wednesday, February 15, 2023 9:31:34 AM(UTC)

Joined: 6/16/2022(UTC)
Posts: 4
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.
#4 Posted : Tuesday, October 10, 2023 3:57:00 AM(UTC)

Joined: 4/22/2023(UTC)
Posts: 2
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!
#5 Posted : Wednesday, October 11, 2023 3:37:56 AM(UTC)

Joined: 10/5/2023(UTC)
Posts: 3
United States
Location: Kansas City
This situation serves as a vivid example of how quickly the landscape can shift. But what's even more intriguing is the adaptability of the crypto community. It's a reminder of how dynamic and ever-changing the cryptocurrency market is. And speaking about upping the crypto game, it's worth noting that modern trading tools can make a difference for anyone interested in maximizing their profits. Personally, I've had a fantastic experience since I started using the Oil Profit trading bot. Its effective algorithms and winning strategies have significantly boosted my trading success, leading to a noticeable increase in my profits.

Edited by user Tuesday, October 17, 2023 6:20:15 AM(UTC)  | Reason: Not specified

#6 Posted : Tuesday, December 05, 2023 11:29:02 AM(UTC)

Joined: 9/30/2023(UTC)
Posts: 29
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!
Kianna Harris  
#7 Posted : Wednesday, December 06, 2023 3:35:57 AM(UTC)
Kianna Harris

Joined: 10/14/2023(UTC)
Posts: 24
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.
#8 Posted : Wednesday, December 06, 2023 1:02:47 PM(UTC)

Joined: 10/8/2023(UTC)
Posts: 8
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.

#9 Posted : Tuesday, January 30, 2024 6:52:44 AM(UTC)

Joined: 11/22/2023(UTC)
Posts: 23
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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