According to latest research, the United States has overtaken China as the largest Bitcoin mining hub.
According to updated data from a Cambridge Center for Alternative Finance (CCAF) analysis, the United States has overtaken China as the world's leading country for Bitcoin hash rate, despite its ban last year.
After the need for underground mining facilities in China following the ban in June 2021, concealed Chinese activities have increased to 21.11 percent of the global hash rate, reestablishing China as a significant mining hub globally. Kazakhstan maintains a respectable 13.22% hash rate, with Canada controlling 6.48 percent and Russia producing 4.66 percent.
According to CCAF data, the United States maintained its supremacy from September 2021 to January 2022, accounting for 37.84 percent of the total worldwide hash rate. Georgia (30.76%), Texas (11.22%), and Kentucky (11.22%) are the top three hash rate suppliers in the United States (10.93 percent ).
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