US passes China as biggest bitcoin mining hub after Beijing ban


Source: shouzy.com shouzy.com

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The United States has overtaken China — the longtime home to most crypto mining activity in the world — as the world’s biggest source of bitcoin mining, according to new data published Wednesday by Cambridge University. China’s share of the global Bitcoin hashrate — an industry term used to describe the computational power of all miners — fell from about 44 percent in May to zero percent in July, after authorities in Beijing called for a crackdown on Bitcoin mining, sparking an industry exodus. At the same time, The US’ share of Bitcoin’s hash rate rose from just 17.8 percent...