Top 15 bitcoin hashrate by country in 2023

Author: worldpopulationreview.com

Date Submitted: 08/26/2022 03:30 PM

Average star voting: 3 ⭐ ( 79247 reviews)

Summary: Where is Bitcoin mined? China’s crypto ban in 2021 significantly changed which country is currently the biggest Bitcoin miner in the world.

Match with the search results: The leading bitcoin mining by countries and their hash rates are as follows:…. read more

Author: www.statista.com

Date Submitted: 08/06/2019 04:45 PM

Average star voting: 4 ⭐ ( 32388 reviews)

Summary: A glance at the state of Bitcoin mining by country indicates a change in power between multiple locations around the world. Read on and discover the best places to mine crypto in 2023.

Match with the search results: Where is Bitcoin mined? China’s crypto ban in 2021 significantly changed which country is currently the biggest Bitcoin miner in the world….. read more

Author: ccaf.io

Date Submitted: 03/19/2019 07:36 AM

Average star voting: 5 ⭐ ( 61104 reviews)

Summary: After China’s sudden ban on bitcoin mining, the industry is seeing a boom in Kazakhstan and the United States.

Match with the search results: Note: average monthly hashrate share by country and region for the selected period, based on geolocational mining pool data. Updates are scheduled on a monthly ……. read more

Author: www.banklesstimes.com

Date Submitted: 02/12/2020 08:23 AM

Average star voting: 3 ⭐ ( 34543 reviews)

Summary: The high amount of energy used for Bitcoin mining means it has to be conducted in a country or state which has access to cheap energy.

Match with the search results: The second largest Bitcoin mining country is currently Kazakhstan, with a hash rate of 18.1%. However, there are some concerns this may change ……. read more

Author: globelynews.com

Date Submitted: 03/27/2019 07:43 AM

Average star voting: 3 ⭐ ( 81318 reviews)

Summary: The International Energy Agency (IEA), co-funded by the European Union, highlighted Kazakhstan’s heavy reliance on non-renewable energy.

Match with the search results: The Top Eight Bitcoin Mining Countries By Hash Rate Share · 8. Iran — 3.11% · 7. Germany — 4.48% · 6. Malaysia — 4.59% · 5. Ireland — 4.68% · 4….. read more

Author: en.as.com

Date Submitted: 05/13/2021 06:02 AM

Average star voting: 4 ⭐ ( 74694 reviews)

Summary: Bitcoin mining is a controversial practice given its high energy use, meaning the key locations for the activity are highly changeable.

Match with the search results: United States, 35.40% of hashrate share; Kazakhstan, 18.1%; Russia, 11.2%; Canada, 9.6%; Ireland, 4.7%….. read more

Author: cointelegraph.com

Date Submitted: 10/01/2020 06:30 AM

Average star voting: 5 ⭐ ( 64987 reviews)

Summary: Important to note that in 2020, none of them made it to the top 3. Everything happened after the Chinese government had banned cryptocurrency in the country,

Match with the search results: Kazakhstan among top 3 Bitcoin mining destinations after US and China … The top three countries contributing to the Bitcoin hash rate continue ……. read more

Author: cointelegraph.com

Date Submitted: 06/03/2022 11:01 AM

Average star voting: 5 ⭐ ( 88054 reviews)

Summary:

Match with the search results: China was once the world’s largest Bitcoin mining country, with the local BTC hash rate power accounting for more than 75% in 2019….. read more

Author: www.sunbirddcim.com

Date Submitted: 01/26/2022 04:20 AM

Average star voting: 3 ⭐ ( 61500 reviews)

Summary: Bitcoin mining is not only the fundamental process to maintain Bitcoin network, but also the key linkage between the virtual cryptocurrency and the physical world. A variety of issues associated with it have been raised, such as network security, cryptoasset management and sustainability impacts. Investigating Bitcoin mining from a spatial perspective will provide new angles and empirical evidence with respect to extant literature. Here we explore the spatial distribution of Bitcoin mining through bottom-up tracking and geospatial statistics. We find that mining activity has been detected at more than 6000 geographical units across 139 countries and regions, which is in line with the distributed design of Bitcoin network. However, in terms of computing power, it has demonstrated a strong tendency of spatial concentration and association with energy production locations. We also discover that the spatial distribution of Bitcoin mining is dynamic, which fluctuates with diverse patterns, according to economic and regulatory changes.

Match with the search results: Bitcoin mining currently consumes around 110 terawatt-hours per year. This is 0.55% of global energy consumption and is roughly equivalent to the annual energy ……. read more

Author: www.visualcapitalist.com

Date Submitted: 05/09/2019 01:01 AM

Average star voting: 4 ⭐ ( 40684 reviews)

Summary: Iceland has become a powerhouse in the realm of Bitcoin mining due to its abundance of renewable geothermal and hydropower energy.

Match with the search results: The Costs and Profits of Mining Bitcoin in 198 Countries ; 1, Kuwait, $1,393.95 ; 2, Algeria, $4,181.86 ; 3, Sudan, $4,779.27 ; 4, ……. read more

Author: www.visualcapitalist.com

Date Submitted: 11/23/2022 09:09 AM

Average star voting: 3 ⭐ ( 60596 reviews)

Summary: Sweden is one of Europe’s biggest bitcoin mining hubs thanks to its cheap energy. Read this article to learn about bitcoin mining in Sweden.

Match with the search results: The leading bitcoin mining by countries and their hash rates are as follows:…. read more

Author: www.investmentmonitor.ai

Date Submitted: 05/20/2021 03:43 PM

Average star voting: 4 ⭐ ( 20881 reviews)

Summary: This map shows an estimate of the current electricity costs of mining one Bitcoin by country around the world. Click here to find out more.

Match with the search results: Where is Bitcoin mined? China’s crypto ban in 2021 significantly changed which country is currently the biggest Bitcoin miner in the world….. read more

Author: www.mekkographics.com

Date Submitted: 07/07/2022 02:57 AM

Average star voting: 5 ⭐ ( 14208 reviews)

Summary: Paraguay is a rising leader in Latin America’s Bitcoin mining industry.

Match with the search results: Note: average monthly hashrate share by country and region for the selected period, based on geolocational mining pool data. Updates are scheduled on a monthly ……. read more

Author: bitcoinist.com

Date Submitted: 10/04/2019 03:46 AM

Average star voting: 4 ⭐ ( 59201 reviews)

Summary: The global network is at 52.2% zero-emission, with Kazakhstan accounting for only 6.4% of the global hash rate.

Match with the search results: The second largest Bitcoin mining country is currently Kazakhstan, with a hash rate of 18.1%. However, there are some concerns this may change ……. read more

Author: chainbulletin.com

Date Submitted: 05/21/2020 08:23 PM

Average star voting: 4 ⭐ ( 29311 reviews)

Summary: A new interactive map shows the Bitcoin hash rate “hotspots” across the globe. Spoiler alert: Most of them are still in China.

Match with the search results: The Top Eight Bitcoin Mining Countries By Hash Rate Share · 8. Iran — 3.11% · 7. Germany — 4.48% · 6. Malaysia — 4.59% · 5. Ireland — 4.68% · 4….. read more