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US Becomes Largest Bitcoin Mining Market After China's Crypto Ban

decrypt.co 13 October 2021 09:54, UTC
Reading time: ~2 m

The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.

The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year.

Kazakhstan and Russia follow the United States, with shares of 18.1% and 11% respectively.

This is a breaking story. Check back for updates. 

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