The US overtakes China for the first time to become the global crypto mining leader | TechSpot

What just happened? For the first time, the US has surpassed China to become the global crypto mining leader. It follows months of cryptocurrency clampdowns by the Asian nation, which has led to miners and mining companies moving to more welcoming locations. Despite the Chinese government’s obvious dislike of crypto, the country has long been responsible for the majority of the global bitcoin hash rate—partly because of its cheaper electricity—taking a 75% share in September 2019. But this year has seen China push down harder on the industry than ever before: a big crackdown back in May resulted in miners…