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.

This story is not been edited by the Supperrb.com Staff and is auto-generated from this syndicated feed

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