The United States of America has become the world’s largest producer of cryptocurrency in just a year, becoming a welcoming land after mining activity in China ceases.
In the space of a short year, the United States has become the world’s number one producer of cryptocurrency, a place that China has held for years. Except that if the Middle Empire concentrated until last year nearly 67% of the global cryptocurrency mining market, it has reduced to nothing its involvement in digital currency recently.
In question, the measures of China to prohibit cryptocurrencies on the national territory, and to criminalize the activity of the minors. As a result, the United States has drastically increased its activity in the sector, welcoming orphan mining farms en masse. The activity of cryptocurrency mining has thus increased by nearly 428% for a year, making the United States the new miners’ paradise.
But if the United States is imposed on this sector, it is also for another reason: the cost of electricity. The state of Texas, in particular, today offers the cheapest electricity in the world, or almost, thanks to the generalization of wind energy. The states of New York and Washington are not left out, thanks to hydroelectric power. Finally, the whole country remains attached to its nuclear power plants.
According to the Cambridge University study, the United States currently concentrates nearly 35.4% of the world’s cryptocurrency mining activity. Then we find Kazakhstan with 18.1%, Russia with 11%, Canada with 9.55%, Ireland with 4.68%, Malaysia with 4.59%, Germany with 4.48%. , Iran with 3.11%, then Norway with 0.58% of world production.
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