US becomes world's largest bitcoin miner after China crackdown
The US now has a 35 per cent global market share in bitcoin mining, the largest in the world – the electricity to produce the cryptocurrency may come mostly from coal
A enactment of bitcoin-mining USB devices Arina Habich / Alamy
The US has go the world’s largest bitcoin-mining federation aft a regulatory crackdown successful China earlier this twelvemonth saw the state plummet from a ascendant 38 per cent of planetary marketplace stock to zero.
Analysis from the Cambridge Bitcoin Electricity Consumption Index (CBECI), published by researchers astatine the University of Cambridge, shows that the US much than doubled its ain planetary marketplace share, from 16.8 per cent successful April to 35.4 per cent astatine the extremity of August, arsenic Chinese miners moved their …
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