US Takes the Top Place as Bitcoin Mining Destination Eclipses China By CoinQuora – Investing.com
- Date: 14-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
US Takes the Top Place as Bitcoin Mining Destination Eclipses China By CoinQuora – Investing.com
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.
In addition, four states in the US have the highest bitcoin hashrate distribution. Notably, most bitcoin miners are led to New York, Kentucky, Georgia, and Texas. However, numerous states with the highest bitcoin hashrates also have high proportions of renewable energy. This fact may have caused changes in the story of people saying bitcoin is bad for the environment.
Select Sector 
Select Country 
