According to data released by the Cambridge Center for Alternative Finance, the total hash rate on the bitcoin blockchain the biggest partnow comes from the USA.
According to the August 2021 data of the Cambridge Bitcoin Electricity Consumption Index, the USA hosts a total hash rate of 42.7 EH/s.
The research was based on an average of 34% of the total hash rate on the bitcoin blockchain.
The total production power in the Bitcoin network 35.4% of Representing the USA, which took the lead from China, is followed by Kazakhstan with 18.1%, Russia with 11.2% and Canada with 9.6%.
Most of the mining companies in China have been opened by the government since the second half of May. against mining Due to restrictions, it decided to stop its activities in China and move to different countries.
Cards were redistributed in just a few months
Cambridge Center for Alternative Finance made its first post on how bitcoin’s hash rate is distributed by country in April 2020.
With a share of more than 64% at the time, China ended 2020 representing 53.3% of the total generating power in the bitcoin network. On the same date, the USA had a share of 10.4%.
The USA, which hosted 7.2% of the total hash rate in April 2020, took the peak as of August 2021, while the shares of Kazakhstan and Russia at the beginning of this year were 6.2% and 6.9%, respectively.
Cambridge Center for Alternative Finance worked with four mining pools BTC.com, Poolin, ViaBTC and Foundry to obtain this data. your data pertinent was given the following statement:
“It is not a secret that (miners) in certain regions are using VPN or proxy service to hide their location by hiding their IP addresses. Such behavior can lead to deviations in the sample at hand, and the hash rate in some countries may differ from what actually happens. more or less may result.”
North American miners are struggling as a result of the weakening of China’s role in the industry. their productivity they increased. across the continent seven mining company in total in the third quarter of this year 6,463 bitcoins produced.
This number represents the total amount of BTC produced during the quarter. equivalent to about 8% is coming. Again in the reserves of these companies more than 20,450 in total has bitcoin.