{"id":141613,"date":"2021-10-13T12:49:23","date_gmt":"2021-10-13T12:49:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=141613"},"modified":"2021-10-13T12:49:23","modified_gmt":"2021-10-13T12:49:23","slug":"us-dominates-global-bitcoin-hash-rate-distribution-after-china-crackdown","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/us-dominates-global-bitcoin-hash-rate-distribution-after-china-crackdown\/","title":{"rendered":"US dominates global Bitcoin hash rate distribution after China crackdown"},"content":{"rendered":"

Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.<\/p>\n

According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in America account for 35.4% of the total global BTC mining hash rate distribution.<\/p>\n

CBECI data also shows Kazakhstan (18%) and Russia (11%) as the next major Bitcoin mining centers outside the United States. These three nations have gained significant market share in the wake of China\u2019s crypto mining ban.<\/p>\n

Back in June, Cointelegraph reported that BTC.com, one of the largest Chinese Bitcoin miners, was relocating to Kazakhstan.<\/p>\n

<\/p>\n

Perhaps of particular interest is the fact that CBECI data shows a 0% hash rate from China. However, it is possible that covert mining operations are still ongoing despite the ban.<\/p>\n

The United States accounting for the greatest share of global hash rate distribution likely completes the expected East\u2212West miner migration following Beijing\u2019s clampdown.<\/p>\n

Apart from the China crackdown, North American crypto mining establishments have been upscaling their capacity with significant additions to their hardware capacity.<\/p>\n

American miners like Argo Blockchain, Riot Blockchain, Marathon, and several orders have purch large orders of mining rigs from major manufacturers like Bitmain and MicroBT.<\/p>\n

Related: <\/em><\/strong>Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital<\/em><\/strong><\/p>\n

Earlier in October, Cointelegraph reported that Riot Blockchain had tripled its production capacity in 2021 with 2,457 BTC mined during the period.<\/p>\n

Places like Texas and Ohio are also expected to play host to mega Bitcoin mining centers that will increase the production capacities of U.S. crypto miners even further.<\/p>\n

As previously reported by Cointelegraph, BIT Mining recently inked a joint venture agreement with Viking Data Centers to build an 85 megawatts Bitcoin mining facility in Ohio.<\/p>\n

The expansion of the U.S. Bitcoin mining space has also seen more companies pursuing a public listing on American stock exchange markets.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Following sweeping crackdowns by China against Bitcoin<\/p>\n","protected":false},"author":3,"featured_media":141612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nUS dominates global Bitcoin hash rate distribution after China crackdown - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/us-dominates-global-bitcoin-hash-rate-distribution-after-china-crackdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US dominates global Bitcoin hash rate distribution after China crackdown - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Following sweeping crackdowns by China against Bitcoin\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/us-dominates-global-bitcoin-hash-rate-distribution-after-china-crackdown\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-13T12:49:23+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/10\/US-dominates-global-Bitcoin-hash-rate-distribution-after-China-crackdown.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/us-dominates-global-bitcoin-hash-rate-distribution-after-china-crackdown\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/us-dominates-global-bitcoin-hash-rate-distribution-after-china-crackdown\/\",\"name\":\"US dominates global Bitcoin hash rate distribution after China crackdown - 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