US now top bitcoin mining hub following months-long crackdown in China that has pushed out cryptocurrency operations

Representations of the Ripple, bitcoin, ether and Litecoin virtual currencies seen on a PC motherboard on February 14, 2018. China’s crackdown on cryptocurrency mining has effectively pushed out nearly all related operations, sending its portion of the bitcoin hash rate to zero as the US becomes the top market at 35 per cent. Photo: ReutersRepresentations of the Ripple, bitcoin, ether and Litecoin virtual currencies seen on a PC motherboard on February 14, 2018. China’s crackdown on cryptocurrency mining has effectively pushed out nearly all related operations, sending its portion of the bitcoin hash rate to zero as the US becomes the top market at 35 per cent. Photo: Reuters

Representations of the Ripple, bitcoin, ether and Litecoin virtual currencies seen on a PC motherboard on February 14, 2018. China’s crackdown on cryptocurrency mining has effectively pushed out nearly all related operations, sending its portion of the bitcoin hash rate to zero as the US becomes the top market at 35 per cent. Photo: Reuters

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