Bitcoin mining in the U.S. is significant, with President-elect Trump expressing a desire for all future Bitcoin to be mined domestically. However, experts believe this goal is challenging, if not unattainable. Currently, U.S. miners contribute 40% of the global mining hashrate, but shifting the remaining 60% to the U.S. seems improbable. The country lacks the necessary infrastructure and energy resources. Bitcoin mining is a decentralized global network, with operations in various countries like Kazakhstan, Russia, and Canada. Following China's crackdown on mining, the U.S. emerged as a key player. Industry leaders anticipate a Trump presidency to boost Bitcoin mining in the U.S. and improve industry growth. The recent rise in Bitcoin prices post-Trump's victory indicates a positive outlook for the industry under his administration, contrasting with the regulatory challenges faced during Biden's term. Read more AI-generated news on: https://app.chaingpt.org/news

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