Cryptocurrency Q&A
Who dominates Bitcoin mining?
Who dominates Bitcoin mining?
KimonoGlory
Sun Dec 01 2024
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7 answers
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I'm curious about the distribution of power in Bitcoin mining. Who are the major players or entities that control or have a significant influence in the mining of Bitcoin?
7 answers
Stardust
Tue Dec 03 2024
China holds a significant influence in the realm of Bitcoin and Ethereum mining.
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Michele
Tue Dec 03 2024
Mining pools located within the country exhibit a commanding presence on the networks' hashrate.
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Daniele
Mon Dec 02 2024
Data from the University of Cambridge's Centre for Alternative Finance reveals the extent of China's dominance.
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SumoMight
Mon Dec 02 2024
The U.S. accounts for merely 7% of the total hashrate, pale in comparison to China's dominance.
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KatanaSharpened
Mon Dec 02 2024
Specifically, Chinese mining pools contribute over 60% of the total hashrate for Bitcoin (BTC).
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