US Dominates Crypto ATM Installations and BTC Hash Rate Worldwide By Cointelegraph

Despite the myriad federal and federal regulatory hurdles facing cryptocurrency companies in the region, the United States plays an important role in maintaining the cryptocurrency ecosystem () and cryptocurrency. With China out of the scene after the cryptocurrency ban, the US maintains the number one position in terms of contributing to the hash rate and ATM installations worldwide.

• Bitcoin Miners Sell Their Relatives, ASIC Prices Continue to Fall – What’s Next for the Industry?

Prior to cracking down on bitcoin mining, China historically accounted for more than 50% of the total hash rate as of February 2021. With China out of the race, the United States picked up the baton to become the largest contributor to BTC hashrate, contributing 37.84% of total energy mining in January 2022.

• Bitcoin mining stocks rebound strongly despite mining revenue down 70%

Bitcoin mining hash rate distribution from September 2019 to January 2022, by country. Source: Statista As the above chart shows, Chinese miners resumed operations in September 2021. However, US miners continued to dominate the space as they increased their contribution to the hash rate per month.

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