A study by a British university revealed that the focus of business has shifted from China to the United States following the Chinese government's ban on businesses related to crypto assets such as Bitcoin.
Cryptographic assets such as Bitcoin are encrypted to ensure the security of transaction data and are managed in a distributed manner over networks around the world, and when these huge transaction data are processed, they are newly issued as a fee. You will get the crypto assets that will be used.
This kind of work is called "mining" which means "mining" in Japanese, and it has become a big business in the world.
On the 13th, the University of Cambridge in the United Kingdom released an estimate of the share of mining business by country as of August.
According to it, the United States, which accounted for 35.4% of the world market share, was ranked first, Kazakhstan with 18.1%, and Russia with 11.2%.
China, which accounted for three-quarters of the world's market share about two years ago, has been zero since July, as mining was totally banned in May as an illegal activity.
Since mining consumes a large amount of electricity, it is popular in southern Texas, which is a major oil producing area in the United States and has relatively low electricity prices.
Companies that are no longer able to do business in China are entering these regions one after another, and the center of business has shifted from China to the United States.