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CryptoQuant: Bitcoin's Hashrate Dominance Is Shifting From China to U.S. Miners

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2024-09-23 09:20:39
CryptoQuant co-founder Ki Young Ju expressed his opinion, noting that the dominance of bitcoin computing power is shifting to American mining companies.
According to Ki Young Ju, Chinese mining pools currently operate 55% of the network hashrate, while American mining pools manage 40%. He further explained that American mining pools mainly serve institutional miners in the United States, while Chinese mining pools support relatively small Asian miners.
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