Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tanimariya on October 26, 2021, 06:16:09 AM
-
Mining has moved out of China. Is this good for bitcoin? Based on one metric at least, the answer is a resounding yes. There’s at least one industry where the United States now has China beat: bitcoin mining.
After Beijing’s crackdown on crypto in September, the U.S. took the reins as the leading location for bitcoin mining, according to data compiled by the Cambridge Centre for Alternative Finance and released last week. Just two years ago, China accounted for three-quarters of all of bitcoin’s total hashrate (the computational power used to mine bitcoin), while the U.S. contributed a scant 4%. As of August, China’s bitcoin miners were gone, while the Americans were responsible for 35%. Source Link
(https://www.coindesk.com/markets/2021/10/17/bitcoin-mining-is-decentralizing-heres-proof/)