U.S. Leads Global Bitcoin Mining After China Ban

Full article by Osato Avan-Nomayo found here.

• The United States has now become the leading region in Bitcoin mining in terms of hash rate following the mining prohibition by China in May.

• Cambridge Bitcoin Electricity Consumption Index (CBECI) has released data indicating that mining operations in the U.S. account for 35.4% of the total global BTC mining hash rate distribution.

• Kazakhstan and Russia have both become major mining centers as well following the China mining ban, with Kazakhstan accounting for 18% and Russia 11% of the total global BTC mining hash rate.

• The data showing the growth of Bitcoin mining in the U.S. and in areas outside of China supports the theory that miners would leave China and migrate to locations with more amiable policies.

• American mining companies such as Riot Blockchain, Marathon, and Argo Blockchain have recently expanded their operations, purchasing large orders of mining equipment and investing more into their infrastructure.