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5 Months After China Banned Bitcoin Mining, America Leads Network Hash Rate With 42.7%
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5 Months After China Banned Bitcoin Mining, America Leads Network Hash Rate With 42.7%

And it is just the beginning. America will continue to dominate Bitcoin mining in the future.

Sylvain Saurel
Oct 18, 2021
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5 Months After China Banned Bitcoin Mining, America Leads Network Hash Rate With 42.7%
inbitcoinwetrust.substack.com

In early May 2021, China banned Bitcoin mining in its territory. This caused the price of Bitcoin to plunge to around $30K over the next few weeks with a general sense of panic in the market.

At the time, I was already explaining that this decision by China was extremely bullish for the future of Bitcoin.

Two problems had been solved at the same time at t…

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