Bitcoin Mining After the China Ban: US Dominance Is Set to Continue

Posted on by American Coins & Gold

Bitcoin Mining After the China Ban: US Dominance Is Set to Continue
Following China’s sweeping crackdown on the crypto industry, the U.S. has taken the Bitcoin mining mantle for the first time – and industry CEOs don’t see the trend stopping anytime soon.“I foresee the U.S. continuing to play a leadership role in terms of share because of the jurisdiction,” said mining firm Bit Digital’s Chief Executive Officer Bryan Bullett in an interview with CoinDesk. “Nobody wants to operate in a region where they face existential risks,” he added.In fact, the Bitcoin network’s hashrate, the measure of computational resources used to conduct mining activities, has recovered from its July lows, even after…