https://safirsoft.com The United States overtook China for the first time and became the world leader in crypto

What happened? For the first time, the United States has overtaken China to become the world leader in crypto. After months of struggle against cryptocurrencies by the Asian country, which prompted miners and mining companies to move to more pleasant places.

Despite the Chinese government's apparent distaste for digital currencies, the country has long been responsible for most of the world's bitcoin hash rate - in part due to cheaper electricity - in September 2019 with a 75% quota allotted. But this year we've seen China put more pressure on the industry than ever before: a massive crackdown in May led to the closure of miners. Authorities began closing more operations in June. And China recently banned all cryptocurrency transactions.

According to statistics from the Cambridge Center for Alternative Finance, the new campaign has reduced China's share by 60 percent in just a few months. Currently, this number is zero. Global Leader in Crypto ">

Image credit: Cambridge Alternative Finance Center

China loses to US share of global BTC hashrate from 17% in April to 35.4% of the world In July, Kazakhstan took second place from 8% to 18%, while Russia took third place with 6.8% three months ago, and Canada ranked fourth with 9.6%. “The entire narrative of China has completely lost control of Bitcoin,” he said. Boaz Soprado, London-based data analyst for FinTech, told CNBC.The migration of crypto miners from China has increased energy demand in the countries that import them.In total, more than 1,700 kilowatt-hours (kilowatt-hours) have been purchased by a mining company. A power plant in Pennsylvania will generate power for 1,800 bitcoin miners, and support production by 2022. In other crypto news, Intel confirmed this week that its first graphics card series, Alchemist, is not subject to mining-style restrictions. Nvidia LHR We've also heard that the new software can extract files Add the team's green using a double cipher.

Increased interest in coin mining and its value is driving up prices and availability of graphics cards, although rumors of an Nvidia release persist. More products are coming in January, which seems odd considering people can't even find or afford the current offerings. But it is expected that Atrium's transition from Proof of Work (PoW) to Proof of Stock (PoS) will improve the situation.

Image credit: TimeShops

The United States overtook China for the first time and became the world leader in crypto
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