Geographical distribution data show that the United States is taking the leading Bitcoin mining position after China's hard procedure-mining Bitcoin messages
Geographical distribution data show that the United States is taking the leading Bitcoin mining position after China's hard procedure-mining Bitcoin messages
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After China ruled for several years in a row as the dominant Bitcoin mining epicenter in the world, the United States "took the leading position in Bitcoin mining" according to new data from Cambridge University.
data show that the USA, Kazakhstan and the Russian Federation dominate Bitcoin mining sleeping place
In mid-July, researchers from the Cambridge Bitcoin Electricity Consumptung Index (CBECI) published new data from the website "Bitcoin". Mining card ”, which has not been updated since April 2020. In this special report, CBECI researchers found that China's Hashrate dominance was much lower than in earlier estimates. On October 13, CBECI researchers released on all countries that take part in Bitcoin mining and in which most of the mining activities are currently taking place."The latest update of the Cambridge Bitcoin Electricity Consumptung Index (CBECI) has confirmed the effects of taking the Bitcoin mining in China," said the report in detail. "[It Shows] that the leading proportion of the global hashrate of the Bitcoin network is now in the USA, followed by Kazakhstan and the Russian Federation." The CBECI researchers added:
This new data (by the end of August 2021) show the USA with a global hashrate share of 35.4% (from 16.8% at the end of April), Kazakhstan with 18.1% (of 8.2%) and the Russian Federation with 11% (of 6.8%). This confirms the Hashrate trajectory identified in the last update (by the end of April 2021), which showed that these three countries won market shares before the procedure.
China's "increased geographical distribution of the hashrate all over the world"
June 2021 the Hashrate of the Bitcoin network increased by 101.44 % of 69 exahash per second (EH/S) to today's Hashpower measurement of 139 EH/S. Michel Rauchs, head of digital assets at the Cambridge Center for Alternative Finance, discussed how China's hard approach contributed to promoting the change in global Bitcoin mining.
"The direct impact of the government of the government of crypto mining in China was a decline in global network-hash rate by 38 % in June 2021-which corresponds approximately to the Chinese share of the hash rate before taking part, which indicates that Chinese miners have set up the business at the same time," said Rauchs.
In addition to the new top 3 countries that lead the Hashpower race, the next largest hashrates are in countries such as Canada (9.55 %), Ireland (4.68 %), Malaysia (4.59 %), Germany (4.48 %), Iran (3.1 %). and Norway (0.58 %). CBECI's report emphasizes that the United States received a certain Hashrat of Fleeing Chinese Miners, but the raid also "increased the geographical distribution of the hashrate around the world".
"It is worth noting that the shares for Ireland and Germany are probably due to a growing number of miners who redirect through these countries via VPNS or proxy servers, and not to growing mining activity, for which there are only a few or no evidence," explains the CBECI report.
The fact that at least four of the five top mining pools originally come from China are interesting and many of them are now internationally and in unknown regions. F2Pool, formerly known as the "Discus Fish", began with the Bitcoin mining ( btc ) on May 5, 2013 and was originally in China based.
f2pool has 26.76 EH/s on Hashpower and around 19.39 % of today's global hashrates. Antpool, which Bitmain is heard and is operated by him, originally also came from China and is the second largest Hashing pool on October 13th. Antpool, with its 22.89 EH/S Hashpower, records 16.59% of the global hashrate. There are also the top mining pools Viabtc and poolin that raise the question:
Where do these mining systems and pools come from now?
What do you think of the recently published mining card report of the Cambridge Bitcoin Electricity Consumptation Index (CBECI)? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, CBECI,
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