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Cryptocurrencies

U.S. overtakes China in bitcoin mining after Beijing clampdown

Cambridge report shows Kazakhstan, Russia and Malaysia rising in rankings

Researchers found that the U.S. share of average monthly global hashrate -- the computational power used to mint new bitcoin and process transactions -- grew to 35.4% in August from 16.9% in April.   © Reuters

TOKYO -- The U.S. is now the leading country for bitcoin mining, doubling its share in the energy-intensive activity in the four months since China began a cryptocurrency crackdown, according to researchers that track mining activity.

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