US dominates global Bitcoin hash rate distribution after China crackdown

US dominates global Bitcoin hash rate distribution after China crackdown


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

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.

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’s crypto mining ban.

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Back in June, Cointelegraph reported that BTC.com, one of the largest Chinese Bitcoin miners, was relocating to Kazakhstan.

Source: CBECI

Perhaps of particular interest is the fact that CBECI data shows a 0% hash rate from China. However, it is possible that covert mining

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