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I am not surprised to see US overtaking china in Bitcoin mining. As we all know,chine used to be the home for crypto mining but they have decided to throw away this position of theirs in the crypto world to US.I believe most of us knows exactly what have resulted to US overtaking china in Bitcoin mining.for Years the Chinese government has been against crypto mining in the country but the resent clamp down that took place few months ago is the most serious of the regulation and laws that the Chinese government has been putting in place to corb the activities of cryptocurrency in china.this is one main reason why the United States is gaining more ground in the crypto world. Aside this,there are other factors that is giving the united states an hedge over china.as at may 2021 china was still toping as the world most crypto oriented country till the recent clamp down that took place last month.
Statistics shows that the united state has finally taking over from china in the wake of it's clamp down against cryptos
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So while the harsh rate of china was declining other countries were picking up.so from the data analysis,it showed that US has climbed from it's previous 16.8% harsh rate to 35.4%.some countries such as Russian has also increase in terms of it's harsh rate.
There are other factors too such as good electricity and good internet system which is easily available in the united states,this is one thing that is moving most of the mining companies in china down to US.I can categorically say that china is slowing giving away a precious gift which could have given them more advantages over other countries and I hope they don't come back regretting it in future