The United States has become the largest bitcoin mining hub after China's crackdown

Data published by the British Cambridge Center for Alternative Finance showed that the United States has overtaken China to make up the largest share in bitcoin mining in the world as the numbers illustrate the impact of the crackdown on bitcoin trading and mining launched by the Chinese Cabinet in late May that devastated the industry and caused miners to close or move to the outside .

Mining rig manufacturers have turned their attention to North America and Central Asia and Chinese miners have moved as well, so the US now accounts for the largest share of mining, about 35.4% of the global hash rate as of the end of August. The data showed that China's share of the global bitcoin computing powerhouse known as the "hash rate" had fallen to zero by July from 44% in May and as low as 75% in 2019.