Bitcoin miners are migrating to the United States

In the lucrative “mining” of the crypto currency Bitcoin, the US has for the first time replaced China as the global market leader. This is the result of the latest figures from the Center for Alternative Finance at Cambridge University. Over a third (35.4 percent) of the performance for so-called Bitcoin mining now comes from the USA, while China has dropped to a no longer measurable share in the statistics.

A year ago, Bitcoin miners in China completed around three quarters of all Bitcoin transactions that consume a lot of energy. A month ago, the Chinese government issued a nationwide ban on crypto mining in the face of energy shortages.

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