US Takes the Top Place as Bitcoin Mining Destination Eclipses China By CoinQuora – Investing.com

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US Takes the Top Place as Bitcoin Mining Destination Eclipses China By CoinQuora – Investing.com

© Reuters. US Takes the Top Place as Bitcoin Mining Destination Eclipses China

Early Wednesday, Cambridge University released data showing that the US now is the number one destination for bitcoin miners. In fact, this is the first time the US beat China.

According to the Cambridge Center for Alternative Finance report, 35.4% of bitcoin’s hashrate of the collective power for miners is in the US. That was a remarkable 428% increase from September 2020.

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