Cambridge University data: America overtakes China for the first time as a destination for Bitcoin miners | latest news

Cambridge University data: America overtakes China for the first time as a destination for Bitcoin miners | latest news
Cambridge University data: America overtakes China for the first time as a destination for Bitcoin miners | latest news

There are many changes that the world is witnessing in the mining industry. With the emergence of cryptocurrencies and their popularity in recent years, the concept of traditional mining of mines, such as gold, has changed to mining cryptocurrencies through the use of computers, which require high and expensive energy sources in order to mine the currency

Beijing, which recently imposed a ban on Bitcoin miners and constantly warned against dealing in currencies, has achieved its goals by shifting the destination of Bitcoin miners to the United States … where new data issued by the University of Cambridge showed that America has become the first destination for Bitcoin miners to outpace China for the first time ever

September 2021 figures indicate a jump in the number of mines in the United States by 428% on an annual basis, while mines recorded a growth of 35.4% as of July… The increase comes in light of China’s regulatory tightening and the energy crisis facing Beijing

China had acquired 67% of Bitcoin mines during September 2020, then the mining exodus began, which in turn led to America leading the scene through some states where energy prices are among the lowest around the world, such as Texas

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Cambridge University data America overtakes China time destination Bitcoin miners latest news

 
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