The rising price of electricity and the plunging value of the cryptocurrency could burst the speculative bubble for today’s prospectors
So you can understand why bitcoin mining looks a bit like a contemporary version of what happened in California in the 1840s. While most of the hopeful arrivals then were Americans, there were also thousands from Latin America, Europe, Australia and China. The Judge Business School in Cambridge, which has been, now finds that the US, with 37.84% of global hashrates, remains the biggest location, followed by China , Kazakhstan , Canada and Russia .
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