The US is definitely not going to miss out on the inevitable crypto disruption.
on crypto, the United States maintains the top position in terms of hash rate contribution and ATM installations worldwide.
Prior to cracking down on BTC mining, China historically represented over 50% of the total hash rate up until Feb 2021. With China out of the competition, the US picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022. Distribution of Bitcoin mining hash rate from September 2019 to January 2022, by country. Source: Statista
As shown above, Chinese miners resumed operations in September 2021. However, the miners in the US continued to dominate the space while increasing their hash rate contribution month-over-month.In addition, the US is home to the highest number of ATM installations, representing nearly 88% of the total crypto ATM installations worldwide. Over 90% of the overall crypto ATMs installed over the past several months are in the United States.
Further strengthening North America’s position in the crypto ecosystem, Canada represents the second-largest network of crypto ATMs after the United States. Outside of the Americas, Spain houses the highest number of crypto ATMs, 210 or 0.5% of the total active ATMs.The confluence of a global chip shortage and the coronavirus pandemic momentarily shot up prices of the most important part of a mining rig — the graphics processing unit .
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