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Cheap energy and privacy rights may bring China’s abandoned Bitcoin miners to the U.S.

CNBC, China’s decision to close Bitcoin mining farms in its provinces may make the United States a new major contributor to cryptocurrency hashrate Say, Especially if miners seeking cheap energy and privacy laws flock to the country.

Cambridge Centre for Alternative Finance (CCAF) Revealed earlier this month “China’s share of Bitcoin mining’s total computing power dropped from 75.5% in September 2019 to 46% in April 2021.” This was before the country began to crack down on cryptocurrencies, which allowed the US’s share to rise from 4.1 to The second place is% to 16.8%.

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