The U.S. has become the world’s leader in bitcoin mining following the renewed crackdown on the industry in China, the Cambridge Centre for Alternative Finance (CCAF) said.
The latest CCAF data shows the U.S accounting for 35.4% of the global hashrate, the world’s total computational power used to mine bitcoin as of the end of August, more than doubling from 16.8% at the end of April.
Kazakhstan and Russia followed the U.S. with shares of 18.1% and 11%, respectively, up from 8.2% and 6.8% in April, according to the CCAF.
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