One province in China accounts for more than a third of the total bitcoin hash rate

One province in China accounts for more than a third of the total bitcoin hash rate

One Chinese province accounts for more than a third of Bitcoins hashrate.

Sichuan, China, accounts for 35.76% of the global hashrate, according to a new map of the distribution of computing power of the bitcoin network..

A team from the University of Cambridge launched the service Bitcoin Mining Map, which reflects the distribution of the average monthly hash rate of MTC by countries and separately by regions of China. The main sources of data for platforms are mining pools ViaBTC, Poolin and BTC.com.

One province in China accounts for more than a third of the total bitcoin hash rate

According to the map, the leader in cryptocurrency mining remains China, which is home to 65.08% of the world’s total bitcoin hashrate. It is followed by the US with 7.24%,  Russia with 6.9%, Kazakhstan with 6.17%, Malaysia with 4.33% and Iran with 3.82%. All other countries of the world have a total of 6.5% of the capacity.

One province in China accounts for more than a third of the total bitcoin hash rate

Interestingly, more than half of China’s computing power (35.76% of the global total) is concentrated in Sichuan province. At the same time, as we approach halving, the global hash rate grows rapidly and sets new records..

Crypto analyst Mati Greenspan also noted that after the May 50% cut in remuneration, Bitcoin’s annual inflation rate will be lower. world average.

text: Ivan Malichenko, photo: Getty Images, graphics: Cambridge Center for Alternative Finance