U.S. Is Now the Biggest Bitcoin Miner in the World. Should We Be Happy?

The United States is now home to over 35% of the world's Bitcoin mining, according to recent data from the Cambridge Bitcoin Electricity Consumption Index. The research shows the U.S. has now overtaken countries like China and Kazakhstan to become the world leader in Bitcoin (BTC) mining. Bitcoin mining may offer economic benefits such as tax revenues and job creation, but states will also have to make some tradeoffs to accommodate the industry's high levels of energy consumption and electrical waste.