Cambridge Center for Alternative Finance (CCAF) compiled January 2022 data, showing the countries with the largest share in cryptocurrency mining. It has been observed that Turkey’s share in the world is quite small.
While the relationship between cryptocurrency mining and environmental pollution continues to be discussed, mining operations around the world continue unabated. China, which was the world leader in this field for a long time, started mining after the bans. Although a prolonged blow was expected This blow seems to have failed.
So, which countries in the world are mining cryptocurrencies the most? Here is the answer to this question, Cambridge Center for Alternative Finance (CCAF) with his new research. While the research showed the countries with the largest share in cryptocurrency mining, it also revealed an interesting data.
Countries where cryptocurrency mining is done the most:
The interactive map created with the data obtained showed the ratio of the countries of the world in cryptocurrency mining. for the period of January 2022 According to published data, cryptocurrency mining is prohibited. China still ranks second in the world in this regard. While this situation was illegally linked to mining operations, the world ranking was shaped as follows:
- USA: 37.84%
- China: 21.11%
- Kazakhstan: 13.22%
- Canada: 6.48%
- Russia: 4.66%
- Germany: 3.06%
- Malaysia: 2.51%
- Ireland: 1.97%
China remained the number one country in the world in cryptocurrency mining until January 2021. So in September 2019 75.5% of cryptocurrency mining was done through China. After the bans in China, the share of cryptocurrency mining in the USA jumped from 20% to 35.1%.
What is the situation in Turkey?
According to the shared data, Turkey is the only one in the world in crypto currency mining. It has a share of 0.04%.
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