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U.S. Bitcoin Hashrate Hits 40% as Foundry USA Shines
The digital currency landscape has witnessed a significant shift in the global mining sector, with the United States dominating over 40% of Bitcoin’s global hashrate. This remarkable change is largely attributed to China’s 2021 ban on crypto-related operations.
As the world’s most influential cryptocurrency, Bitcoin relies heavily on its decentralized network powered by thousands of specialized computers called nodes or miners around the globe. The U.S., in particular, Foundry USA, has taken center stage with a leading mining pool and unparalleled support for the sector.
It is essential to note that over 28% of the total U.S. hashrate originates from Texas. With its low energy costs and supportive government policies, the Lone Star State has become an attractive destination for Bitcoin miners seeking sustainable operations. Renewable energy sources, specifically solar and wind power, have also been leveraged by mining operations in this region to ensure their long-term survival.
The remarkable ascent of the U.S. as a dominant force in the global mining industry can be attributed to its robust support system and innovative mining solutions provided by entities like Foundry USA. These key factors will undoubtedly shape the future trajectory of Bitcoin’s decentralized network, enabling seamless transactions worldwide.
Foundry USA has been instrumental in shaping the sector with cutting-edge mining operations.
Source: www.crypto-news-flash.com
