Layer1 CEO: With the development of technology and business models, computing power will be transferred from China to the United States

Alexander Liegl, CEO of cryptocurrency mining company Layer1, said in an interview with Bitcoin supporter Max Keiser that China has long been the undisputed leader in the global Bitcoin mining market, but as technology and With the development of business models, computing power will be transferred to the United States. Liegl said that China currently holds about 60% of the market computing power, because Chinese mining companies have been purchasing and installing the most efficient mining equipment at the fastest speed. However, the production of next-generation chips may now take years of effort, which will make other factors such as cost (such as electricity prices) and efficiency (equipment cooling capacity) even more important.