USA became the leader in bitcoin hashrate share, displacing China
The United States of America took the first place in terms of the hashrate of the bitcoin network, surpassing China for the first time in history. According to a study by the Center for Alternative Finance at the University of Cambridge (CCAF), from May to August 2021, the US share of computing power almost doubled, from 17.8% to 35.4%.
After the crackdown on the crypto industry in China, the share of the hashrate of bitcoin and other countries has significantly increased. So, in Russia it added 4% - from 7.2% to 11.2%, in Kazakhstan - 7.4% to 18.1%, in Canada - from 4.7% to 9.6%.
For the first time, China lost a significant share of bitcoin's computing power back in March 2021, when the figure dropped below 50% of the total.