Here’s Why Texas is Expected to Become Biggest Bitcoin (BTC) Mining Hub

China’s crypto crackdown policies starting in May this year saw it lose the biggest mining hub status within two months. At the start of May, China’s share in the Bitcoin (BTC) mining network was over 60%, but with strict regulatory policy and a total ban on BTC mining saw that share fall to near zero by the end of July. As per the latest report, China’s Yunnan province recently stated it has completely eradicated BTC mining and saved 2 billion kilowatt-hours of electricity in the process.

China’s Yunnan Province stated that it has completely eliminated illegal use of hydropower stations for Bitcoin mining, saving 2 billion kilowatt-hours of electricity. https://t.co/550bgoAXRk

— Wu Blockchain (@WuBlockchain) December 12, 2021

China’s loss has turned into a great opportunity for countries like the US, Kazakhstan, and Russia, which saw an influx of Chinese mining farms in the wake of the crypto mining ban. The US became the leading Bitcoin mining contributor and the state of Texas has become the new mining hub.