US Claims Bitcoin Mining Crown Following China Crackdown

US Claims Bitcoin Mining Crown Following China Crackdown
The U.S. has become the world’s leader in bitcoin mining following the renewed crackdown of the industry in China, the Cambridge Centre for Alternative Finance (CCAF) said.The latest data show 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 follow with shares of 18.1% and 11% respectively, (up from 8.2% and 6.8% in April).China’s share has “effectively dropped to zero,” according the CCAF, following the government-mandated ban on crypto mining in…