The US now does 38% of the world’s #Bitcoin mining, compared with 3.5% in 2020, per Bloomberg.

Sep 26, 2022 · 7:40 PM UTC · Twitter for iPhone

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Was wondering where Bloomberg got this on US #Bitcoin mining 3.5% in 2020 China Mined 58% of World’s $BTC back in 2017 and the US 16% - are pools different in their calculation? Update traderscommunity.com/china-m…
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Replying to @unusual_whales
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Replying to @unusual_whales
Ppl, ask yourself why the US % went up so much. Then ask yourself if that reason is bullish or bearish. Just saying…
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It went up during the 2018 bear market when BTC was trading at $6500 and China was selling their mining business to American Banks;). That is my interpretation of what happened. If you go back when we all were sitting watching Bart Charts all day.
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Replying to @unusual_whales
And Bitcoin is worthlesss now way to go US you’ve ruined it yet again.
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I don’t think you understand what this tweet means 😅
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Replying to @unusual_whales
Because 38% of America’s Millennials continue to live in their parents’ basements and use their “free” electricity.
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Replying to @unusual_whales
Decentralized?
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Replying to @unusual_whales
What a complete waste
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