/?pid=us-becomes-global-bitcoin-mining-leader-22928

Updated:03:39 PM EDT Jun 30


this is ggmania.com subsite US Becomes Global Bitcoin Mining Leader - TechAmok

US Becomes Global Bitcoin Mining Leader - [briefly]
01:38 PM EDT - Oct,14 2021 - (2 comments)

The United States has now become the leading country in cryptocurrency mining operations, following China's mining ban and subsequent exodus of its mining operators to less dangerous waters. According to figures published by the Cambridge Centre for Alternative Finance, US-based miners reached a 35.4% share in overall bitcoin hashrate in July this year - up 17% compared to April, and only a month after China's move to ban all domestic cryptocurrency mining operations. In the months since, China's Bitcoin hash rate control declined from 44% in May of this year down to 0% as early as July - a far cry from its September 2019 high, which saw the country hold around 75% of the global mining hashrate. As is usually the case, one country's loss equates to another's "gain", and the same is true for mining operations following the China ban. The US may have become the biggest player in this particular court, but any country with cheap electricity that allows for profits increases is fair game. Countries like Kazakhstan went from 8% to 18% in the same period, claiming the current second spot in overall hashrate, while Russia has now claimed third place after reaching an 11% share - rising from 6.8% three months earlier. It remains to be seen whether these mining operation relocations will see the US face the same migratory phenomenons as China did back when mining wasn't banned: operators spent the dry season on regions like Xinjiang in late autumn, winter and spring, migrating to regions with significant temporary overcapacities in low-cost hydropower, like Sichuan, between May and October during the 'wet season'. The impact of this mining relocation to the US in its power delivery infrastructure (if any) remains to be fully understood.

Short overview of recent news articles

AMD Adrenalin 25.6.3 Driver Is Available (Jun,30 2025 )

NVIDIA GeForce RTX 5080 SUPER Could Feature 24 GB Memory, Increased (Jun,30 2025 )

Guess What Nvidia Did THIS Time (Jun,29 2025 )

The 10 Best Dinosaur Movies of All Time (Jun,28 2025 )

Microsoft officially confirms that Windows 11 version 25H2 is coming (Jun,28 2025 )

Eddington - Official Trailer 2 (2025) Joaquin Phoenix, Pedro Pascal (Jun,26 2025 )

Microsoft Say System Restore Points Now Expire After 60 Days (Jun,25 2025 )

Facebook, Netflix, and Microsoft Websites Hijacked to Insert Fake (Jun,25 2025 )

I put a $3000 GPU in my Average PC... It Was a Mistake (Jun,24 2025 )

Best External SSD for Mac 2025: After Weeks of Testing, Here's What (Jun,24 2025 )

Mostly boob jokes this week (RTX 5090 DD) - Tech News June 22 (Jun,23 2025 )

Superman - Official 30 Second Spot (2025) (Jun,21 2025 )

'The fastest road car I've ever been in!' - Ferrari F80 track day (Jun,21 2025 )

CPU SCAM: AMD Ryzen 9800X3D Counterfeits & Fraud (Jun,20 2025 )

28 Years Later Review (Jun,19 2025 )

HW News - NVIDIA "N1x" CPU Leak, ASUS Xbox ROG Ally, More Intel (Jun,18 2025 )

NVIDIA GeForce 576.80 WHQL Driver (Jun,17 2025 )

The Fantastic Four: First Steps - Official 'H.E.R.B.I.E.' Teaser (Jun,16 2025 )

Huawei Maextro S800 First Look - A True BMW & Mercedes Killer? (Jun,15 2025 )

Upgrade Windows 10 to Windows 10 LTSC Without Losing Data (Jun,14 2025 )

Squid Game: Season 3 - Final Games Trailer (Jun,14 2025 )

WWDC 2025: Everything Revealed in 9 Minutes (Jun,11 2025 )

Microsoft June 2025 Patch Tuesday fixes exploited zero-day, 66 flaws (Jun,10 2025 )

This Malware BREAKS WINDOWS! (Jun,10 2025 )

Reset Forgotten Password without Any Software, without USB drive in (Jun,10 2025 )

Microsoft Will Block Unsupported Hardware For Windows 11 (Jun,08 2025 )

Memory Wars! Apple vs Ryzen - Is Unified Memory Faster than Shared (Jun,08 2025 )

Predator: Killer of Killers - Exclusive Clip (2025) (Jun,06 2025 )

Enable Deep Effect on Samsung One Ui 7 (Jun,06 2025 )

Google Kills Off PayPal in Google Wallet (Jun,05 2025 )

Samsung's Next Flagship Foldable Will be Ultra (Jun,05 2025 )

Over 40 Malicious Chrome Extensions Mimic Popular Brands to Steal (Jun,05 2025 )

The Witcher IV - Unreal Engine 5 tech demo (Jun,03 2025 )

Nintendo Switch 2 Welcome Tour trailer (Jun,02 2025 )

Stranger Things 5 | Date Announcement | Netflix (Jun,01 2025 )

RTX 5060 Review... No wonder NVIDIA tried to stop us from talking (May,31 2025 )

Samsung Galaxy Watch 8 Classic Is Here - 7 New Updates (May,30 2025 )

Biggest Windows 11 24H2 May Update in the Main Release (May,30 2025 )

How Much Money Should You Spend on a Gaming PC? (May,29 2025 )

laud Note vs Note Pin - Which AI Voice Recorder To Choose (May,29 2025 )

Samsung One UI 8.0 vs One UI 7.0 - 25+ Changes (May,29 2025 )

SECRET CODE UPDATE for Samsung Galaxy Phone to Boost Performance & (May,28 2025 )

WhatsApp is finally available on iPad (May,27 2025 )

Simple Trick To Lower CPU Temperatures (May,27 2025 )

Alma & The Wolf - Official Trailer (2025) Ethan Embry, Li Jun Li, (May,26 2025 )

Change These Browser Security Settings NOW (May,25 2025 )

I NEED AMD to Seize This Moment - RX 9060XT (May,24 2025 )

Windows 98 with a G41 Core 2 Duo System (May,23 2025 )

Disable These Windows Settings for Better FPS! (May,23 2025 )

I Got the Golden GPU from Dubai (May,20 2025 )

>> News Archive <<

TechAmok - Privacy Policy        loading time:0.01secs