Yes, we know it was China. But the story is changed now. The United States has overtaken China to lead the world with the largest share in global bitcoin mining networks, according to data from the University of Cambridge, published on Wednesday.
The U.S. lead follows China’s crackdown on bitcoin mining in recent months, which sent the worldwide price of bitcoin plummeting. China issued a nationwide blanket ban on crypto mining last month, in a move that has devastated the industry there and pushed many miners overseas.
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