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Tuesday, June 18, 2024

Where most Bitcoin miners are locating

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China used to be the largest crypto mining hub but after the crackdown by the Chinese authorities. Crypto miners now shifting their mining firm out of china.

Some of the popular states for bitcoin mining are New York (19.9%), Kentucky (18.7%), Georgia(17.3%) and Texas(14%)

CNBC’s Mackenzie Sigalos breaks down the geographic data behind Bitcoin mining, limitations to tracking the aforementioned data and how the U.S. could be a Bitcoin mining hub.

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