The US Bests China as the World's Biggest BTC Miner.
17 Oct 2021, 08:00
The US Bests China as the World’s Biggest BTC Miner
Up to this point in time, China has always been the dominant country when it comes to mining bitcoin. Sadly, the region has done all it can to eliminate its standing in the industry, and now it looks like another nation – the United States – has opened itself up to become the world’s primary leader in the world of bitcoin mining.
China Has Been Outdone By the U.S.China was – at one point – home to about 65 to 75 percent of the world’s crypto mining projects. It also is the home of companies like Bitmain and Canaan Creative, which are arguably two of the world’s largest providers of bitcoin mining equipment. For a while, it looked like the nation was unstoppable in the industry… Until China became hellbent on stopping itself.
For reasons that are not entirely clear, China has seemingly sought to eliminate the mining presence from its turf. While it has been argued many times that the country is looking to become carbon neutral, it is also stated by others that the nation is looking to eliminate all future competition to its new digital yuan currency and having bitcoin getting mined to such a degree certainly puts the latter in a desperate position.