US becomes largest bitcoin mining center following China ban


Source: hotwnews.com hotwnews.com

Key Topics in this News Article:

News Snapshot:

US becomes largest bitcoin mining center following China ban US becomes largest bitcoin mining center following China ban The United States has overtaken China to account for the largest share of the world’s bitcoin mining, data published on Wednesday by the UK’s Cambridge Centre for Alternative Finance showed. Chinese authorities banned the activity earlier this year causing miners to shut up shop or move overseas. China’s share of the power of computers connected to the global bitcoin network, known as the “hash rate,” fell to zero by July from 44 per cent in May, the data showed. The United States...