The United States currently accounts for around 40% of Bitcoin mining hashrate, making it the leading country in terms of Bitcoin mining. However, experts believe that it will be difficult, if not impossible, for the US to shift the remaining 60% of the mining hashrate to American soil. Factors such as the lack of necessary infrastructure, computing hardware, and low energy costs make it impractical to centralize all mining operations in the US. Bitcoin mining remains a globally distributed network driven by market economics, energy availability, and regulatory landscapes worldwide. Despite this, some in the industry are optimistic about the prospects of Bitcoin mining in the US under a Trump presidency, with expectations of improved policies and support for Bitcoin innovation. Following Trump's victory, Bitcoin experienced a boost in value, and many believe that a more favorable business climate for cryptocurrencies may be expected compared to the regulatory challenges seen during the Biden administration.
- Content Editor ( decrypt.co )
- 2025-01-04
Trump Wants All Future Bitcoin Mined in US—Is That Even Possible?