U.S. is the world’s largest Bitcoin miner dethroning China

The United States of America is now the largest Bitcoin miner in the world dethroning China after a series of crackdowns on Bitcoin in the Asian country.

There has been a sustained crackdown on Bitcoin and other cryptocurrencies in China which resulted in the banning of Bitcoin this year and subsequently pushing Bitcoin mining firms to relocate to other parts of the world.

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The United States of America now accounts for over 35.4% of the global Bitcoin mining hash rate followed by Kazakhstan with 18% and Russia with 11% according to the Cambridge Bitcoin Electricity Consumption Index (CBECI).

Some American states have also been attracting Bitcoin Miners. Just recently, a joint venture agreement was signed between BIT Mining and Viking Data Centers to build a Bitcoin mining facility in Ohio.

The data from Cambridge Bitcoin Electricity Consumption Index (CBECI) shows a 0% BTC mining hash rate from China which translates to no Bitcoin mining activities in the Asian country but one cannot really ascertain if covert mining operations are not still carried out despite the ban.

The United States presently accounts for more than a third of the global BTC mining hash rate. American mining firms have been increasing their capacity by purchasing BTC mining hardwares from top manufacturers like Bitmain and MicroBT.