US Takes Bitcoin Mining Top Spot After China Crackdown
The US now accounts for 35.4% of the total global mining hash rate distribution, eclipsing others post-China’s crackdown
US dominates global Bitcoin hash rate distribution after China crackdown
“According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in the U.S. account for 35.4% of the total global BTC mining hash rate distribution.
The CBECI data also shows Kazakhstan (18%) and Russia (11%) as the next major Bitcoin mining centers outside the United States. These three nations have gained significant market share in the wake of China’s crypto mining ban.
Back in June, Cointelegraph reported that BTC.com, one of the largest Chinese Bitcoin miners, was relocating to Kazakhstan.”
