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Additional Information. Show source. Show sources information Show publisher information. The source explicitly mentions that the date provided may not necessarily be representative: the data provided is based on geo-location and assumes the IP addresses of miners matches the country they are currently residing in. This comes back in the use of VPN: the source lists it tried to mitigated effects of miners trying to hide their IP address. This was especially visible in the Chinese province of Zhejiang - one of three provinces the sources used to represent China.
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The source states that the figures shown here should "collectively represent approximately 37 percent of Bitcoin total hashrate over the examined period. Bitcoin BTC price history from to March 12, Unique cryptocurrency wallets created on Blockchain. Bitcoin BTC market capitalization as of February 22, As a Premium user you get access to the detailed source references and background information about this statistic.
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Read more. A majority of Bitcoin mining occurred in China, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in Hashing refers to the amount of processing power that PCs use to build the blockchain: the more blocks of verified transactions that are processed or "hashed", the more Bitcoin - the reward for this verification process - is being mined. Simply put, the higher the hashrate - or the hash power of the overall network - the more secure it is.
These figures attempt to show where most of this hashing - and, consequently, Bitcoin mining - occurs. These figures are different from numbers showing interest in Bitcoin and which global countries traded this cryptocurrency the most.
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Here, over 65 percent of the monthly hashrate in April was found in one of three provinces in China. This means China plays an important role in the mining of the digital coin.
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By comparison, both the United States and Russia had a market share in Bitcoin mining of around seven percent. Whether either of these two countries profited from growing Bitcoin mining revenue in , is not clear. Distribution of Bitcoin mining hashrate as of April , by country. You need a Single Account for unlimited access.
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