The U.S. becomes the world’s largest bitcoin miner

Research by the Cambridge Centre for Alternative Finance suggests that China's share of global hashrate has fallen to zero and confirms that nearly half of the global hashrate is now in North America.
Source: CBECI

The Bitcoin mining industry was severely disrupted when over 50% of the hashpower went offline in May. Fortunately, coupled with an ever-increasing bitcoin price, 2021 has turned out to be a very lucrative year for bitcoin miners.

Natural protocol incentives have induced a remarkable path to hashrate-recovery: the U.S. alone accounted for 35.4% of the global hashrate at the end of August—up from 16.8% at the end of April.

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