A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate

The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a  Bitcoin Mining Map that provides the average monthly ha...

The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that provides the average monthly hash rate produced by each country across the globe.

The map is informed by the data of mining pools ViaBTC, Poolin, and BTC.com. Cambridge claims the platform is the first to publicly offer a geographic breakdown of Bitcoin (BTC) hash power distribution.

China represents 65% of hash power

Unsurprisingly, the map shows the vast majority of hash power is located within China — with 65.08% of the global total.

That’s almost nine times more than the U.S in second place with 7.24%, followed by Russia with 6.90%, Kazakhstan with 6.17%, Malaysia with 4.33%, and Iran with 3.82%. 

The rest of the world combined represents 6.5% of hashing power, with each remaining country comprising less than 1% respectively.

The CCAF also stores historic data, allowing users to see how hash power distribution has changed over time. Users can also select multiple months to view the average hash power over a longer period.

One-third of global hash rate is in Xinjiang

The website hosts two maps looking at both global and Chinese hashrate distribution respectively.

More than half of China’s hash power is located in the Xinjiang region, which represents 35.76% of the global total. 

Sichuan province has the second-highest concentration of mining power within China with 9.66%, followed by Inner Mongolia with 8.07%, Yunnan with 5.42%, and Beijing with 1.73%.

With the Bitcoin halving set to take place in less than one week, global hash power has pushed into new all-time highs over recent days.

Source link



Africa,730,Americas,3915,Art & Culture,14239,Arts,6336,Arts & Design,1527,Asia,3117,Automobile,416,Baseball,504,Basketball,402,Books,3728,Business,5169,Celebrity,2595,Cricket,607,Crime,124,Cryptocurrency,1391,Dance,589,Defense,799,Diplomatic Relations,2453,Economy,1011,Editorial,260,Education,1120,Elections,292,Energy & Environment,2990,Entertainment,22099,Environment,3471,Europe,4066,Faith & Religion,208,Family & Life,777,Fashion & Style,3088,Finance,18995,Food & Drink,3578,Football,1029,Games,75,Gossip,10247,Health & Fitness,3919,Health Care,873,Hockey,182,Home & Garden,882,Humour,953,Latin America,49,Lifestyle,16245,Media,493,Middle East,1401,Movies,1582,Music,2488,Opinion,2737,Other,11249,Other Sports,4870,Political News,11240,Political Protests,2282,Politics,17293,Real Estate,1689,Relationship,63,Retail,3071,Science,2475,Science & Tech,9495,Soccer,161,Space & Cosmos,278,Sports,11419,Technology,3271,Tennis,507,Theater,1564,Transportation,278,Travel,2440,TV,3531,US Sports,1436,Video News,3531,War & Conflict,1028,Weird News,955,World,15583,
Newsrust: A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate
A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content