China Emerges As Second-Largest Bitcoin Mining Hub Despite Ban Today

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  • New data from Cambridge details a portrait for the global hash rate of bitcoin mining.
  • The U.S. is solidifying its position as the global leader with 37.84% of the global hash rate.
  • China surged to almost 22% following the mining ban from last year showing either a rise of covert operations or miners that have remained well-hidden throughout.

The U.S. has risen as the global dominant country housing Bitcoin hash rate while China has picked up pace to trail in second despite its ban from last year, new data from a Cambridge Center for Alternative Finance (CCAF) report shows.

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