Cryptocurrency Q&A
Where is most bitcoin mining done?
Where is most bitcoin mining done?
SoulStorm
Fri Nov 29 2024
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7 answers
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Bitcoin mining is primarily done in regions with favorable conditions such as cheap electricity, cold climate, and stable internet connection. North America, particularly the US and Canada, Asia, specifically China and Japan, and certain parts of Europe like Iceland and Russia, have emerged as major hubs for Bitcoin mining due to their respective advantages in these critical factors.
7 answers
GeishaMelodious
Sun Dec 01 2024
The chart depicting Bitcoin mining hashrate by country reveals some interesting insights.
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SumoMight
Sat Nov 30 2024
In contrast, China's ban on mining has led to a shift in the global mining landscape, with other countries now competing for a larger share of the mining hashrate.
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Ilaria
Sat Nov 30 2024
The United States currently accounts for 38% of all Bitcoin mining. This significant share places the country ahead of all others in terms of mining activity.
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StarlitFantasy
Sat Nov 30 2024
Prior to 2021, China held the position of having the most Bitcoin mining. However, due to a government ban in that year, China's mining hashrate has declined sharply.
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EchoSolitude
Sat Nov 30 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of miners and investors alike. These services include spot trading, futures trading, and a secure wallet for storing digital assets.
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