According to data published on 13 march by cambridge center for alternative finance, united kingdom, the united states replaced china as the world's largest bitcoin mine after china banned bitcoin mining. According to the cambridge bitcoin electricity consumption index (cbeci), united states bitcoin is the first in the world, accounting for 35. 4 per cent, and the last two or three, respectively, kazakhstan and russia, accounting for 18. 1 per cent and 11. 23 per cent。
Global bitcoin shares evolved from october 2019 to january 2021. Source: cbcci
According to cbeci, china’s bitcoin mining capacity accounted for 43. 98% of the global total in may of this year, but, following china’s ban on bitcoin mining in april, china’s bitcoin mining capacity fell by 38% to zero in july. In september 2019, china once accounted for 75. 53 per cent of the global total of bitcoin。
According to the 15th british guardian, mao shihang, the co-founder of singapore's encrypted asset management and trust company cobo, stated: “china is losing its share of the bitcoin calculus ... The focus of the industry is shifting to the united states.”
After china banned bitcoin, the united states was a world leader in bitcoin mining. Source: guardian
In addition, by early october, the bitcoin calculator trajectory indicated that the june downturn would soon be fully restored. If august data were to continue, the title “bitaco's largest mining country” would most likely be replaced by the united states, kazakhstan and russia。
However, the russian side is not particularly optimistic about the increase in the mining rate of bitcoin, and according to the guardian, igor kobzev, the governor of the irkutsk region of russia, has stated that energy tariffs are increasing as much as avalanches and accused underground encrypted currency mining。
