According to the Cambridge Center for Alternative Finance (CCAF), the United States has displaced China as the leader in Bitcoin hashrate.
According to CCAF, the USA accounts for 35.4% of the total hashrate - 42.7 EH/s. During the third quarter, the total market share of American miners doubled - last quarter they accounted for 17% of the hashrate.
However, it is not only the United States that has benefited from Chinese repression. The hashrate of mining farms in Kazakhstan also doubled in the third quarter. Now it reaches 22 EH/s or 18.1% of the total Bitcoin hashrate. Miners who were forced to move from China most often transferred their capacity to Kazakhstan.
Russia and Canada now rank third and fourth in the world with 11.2% and 9.6%, respectively.
CCAF analysts relied on information provided by four pools: BTC.com, Poolin, ViaBTC and Foundry USA. The total hashrate of these pools is 62 EH/s or 44% of the total Bitcoin hashrate.
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According to www.theblockcrypto.com
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