U.S. becomes largest bitcoin mining centre after China crackdown.
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration//File Photo
HONG KONG, Oct 13 (Reuters) - The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.
The figures demonstrate the impact of a crackdown on bitcoin trading and mining launched by China's State Council, or cabinet, in late May, which devastated the industry and caused miners to shut up shop or move overseas...!