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Bitcoin Hash Rate Dominance Shifts To US Mining Pools, China Still Leads

  • Bitcoin mining activity is shifting to the United States, though Chinese miners still dominate.
  • Chinese Bitcoin mining pools currently control 55% of all Bitcoin hash rates, while US-based pools control 40%.
  • The shift in hash rate dominance coincides with the Chinese government's crackdown on crypto mining activity in May 2021.
  • Favorable regulations and the pro-crypto stance in the United States have led to a boom in crypto mining activity.

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