China now has virtually no share of the global bitcoin hash power, with the new world order of mining giants being the United States, Kazakhstan and Russia according to new data from the Cambridge Center for Alternative Finance. Data from the Center shows the US now commands a 35.4% share (almost doubling from 16.8% at the end of April) with Kazakhstan at 18.1% (up from 8.2%) and Russia at 11% (up from 6.8%). After Kazakhstan is Canada (9.55%), Ireland (4.68%), Malaysia (4.59%). {image} “The effect of the Chinese crackdown is an increased geographic distribution of hashrate across the world, which can be considered a ... (full story)