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Business and Economics - General Knowledge Questions
Which country is the World's largest 'Bitcoin mining centre'?
A)
USA
B)
Russia
C)
Kazakhstan
D)
Switzerland

Correct Answer : Option (A) - USA

* The US has overtaken China to become the World’s largest Bitcoin mining centre following the crackdown of mining operations in China, data published by Britain’s Cambridge Centre for Alternative Finance showed.

* China’s share of the power of computers connected to the global bitcoin network, known as the ‘hash rate’, had fallen to zero by July from 44% in May.

* The United States now accounts for the largest share of mining, some 4% of the global hash rate as of end-August, followed by Kazakhstan and Russia.

Published On : October 15, 2021
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