of china Bitcoin mining A wave of immigration started after he banned his activities. Among the countries most affected by this migration, United States of America is coming. Competition between US states also came to light. Different data released recently showed the latest information on mining activities in the USA. Accordingly, the city with the highest number of miners new York. So what are the other details?
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Why is the USA the leader for Bitcoin mining?
Cambridge Alternative Finance According to its headquarters, as of July, the United States is the leader in this field. It has 35.4 percent of the Bitcoin hash rate, which is used to describe the collective computing power of miners. Thus, it showed an increase of 428 percent compared to September 2020.
In fact, the USA has succeeded in this success in Bitcoin mining activities. Chineseowes to. Because China was the number one country for those working in this field. For example, a year ago China, hash rate was the market leader in terms of However, as a result of the government’s pressure this year, almost half of the miners in the world had to migrate to different countries.
As Bitcoin miners began to emigrate en masse, the majority began to choose the USA. The United States is attractive for many reasons. For example, Texas In states such as the energy price is quite low. This is a very important reason for energy-intensive Bitcoin mining.
An attractive reason for Bitcoin mining is that the USA renewable energy to be associated with resources. Washington state, by hydroelectric owns working mining farms. New York produces more hydroelectric power than many states. Meanwhile, Texas’ share of renewable energy is growing, with 20 percent of its energy coming from wind as of 2019.
Kazakhstan is in second place after the USA.
Energy resources in the US attract miners. However, all miners to renewable resources it is not oriented. CNBCAccording to , it ranks second after the USA. Kazakhistan there is. China’s neighbor holds a significant share of the global Bitcoin mining market, with 18.1 percent of all crypto mining.
KazakhistanIt provides cheap and abundant energy. It is also home to coal mines that cause carbon dioxide emissions. By the way, Kazakhstan can also be a stopover for miners before moving on to western countries.