Latin America to Boost More Bitcoin Mining in 2022 By DailyCoin – Investing.com

Latin America to Boost More Bitcoin Mining in 2022 By DailyCoin – Investing.com

Latin America will be one of the regions where Bitcoin mining will grow the most in the world, according to the projections of the data analysis company, Arcane Research. The prediction is that the cryptocurrency’s hashrate will continue to be geographically distributed even more in 2022.

Since China began its crackdown on BTC mining in mid-2021, miners have moved their operations to other countries. Among the places where Bitcoin mining occurred the most are the United States, Kazakhstan, Russia, Canada, and Iran among others.

China came to generate just over 70% of global BTC mining before the cryptocurrency was banned. Last October, the United States displaced the Asian giant and took over the leadership of Bitcoin mining.