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Bitcoin’s Mining Ability is Shifting: The U.S. Has Risen to 16.8 Percent, While China Has Dropped below 50 Percent

AEXGlobal
2 min readJul 18, 2021

According to data from Cambridge Alternative Finance Center, after Sichuan and other provinces halted Bitcoin mining, American miners became the biggest beneficiaries. China’s Bitcoin mining ability falling below 50%, while American miners’ share of global BTC mining ability rose to 16.8%.

It’s worth noting that US miners controlled only 4% of the Bitcoin network’s mining ability in 2019, which means that the share of bitcoin’s mining ability controlled by the US has increased more than fourfold in the last two years.

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AEX Operation Team

July 17, 2021 (UTC)

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