Report: Bitcoin mining contributes $4 billion and 31,000 jobs to the U.S. economy

ChainCatcher news, according to TheMinerMag, a recent report released by the Perryman Group shows that Bitcoin mining has created over 31,000 jobs for the U.S. economy, generating more than $4.1 billion in total output annually. The U.S. accounts for about 40% of the global Bitcoin hash rate.

The report emphasizes that Texas is the biggest beneficiary of Bitcoin mining, with estimated annual economic activity of $1.7 billion, creating over 12,200 jobs. Georgia has an annual total output of $316.8 million, while New York contributes $225.9 million.

It is reported that the report was commissioned by the industry nonprofit Texas Blockchain Council and the Digital Chamber of Commerce.