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US becomes world’s largest bitcoin miner after China crackdown

US becomes world’s largest bitcoin miner after China crackdown



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  1. tldr; The US has become the world’s largest bitcoin-mining nation after a regulatory crackdown in China earlier this year saw the country plummet from a dominant 38% of global market share to zero. Analysis from the Cambridge Bitcoin Electricity Consumption Index (CBECI), published by researchers at the University of Cambridge, shows that the US more than doubled its own market share, from 16.8% in April to 35.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Anyone know how much seized Bitcoin does China Government have?

    Not largest miner, But weren’t China Government the biggest holder? And now after the ban they confiscated a lot more.

  3. I have no data about the chain metrics and all that jazz, which of course tells a more precise story buuut, China bans Bitcoin every cycle and by the next cycle they have an even greater share of the asset and mining capacity. It won’t be different next time. China would never relinquish it’s quest to control a global/international digital asset. Just because the individual can’t mine doesn’t mean the party can’t. China is bullish on BTC and they just need it to appear as though the US is as well to get the political and insutional powers necessary for adoption, along with other digital assets (such as CBDC’s which China is already all over). Despite the dumpster fire of US political systems, it remains the cultural and capital powerhouse of global economies. This is fucking fantastic for anyone in this market.

What do you think?

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