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althaaqib

Top mining countries?

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Sweden and Norway are the two top mining countries
As it stands, a lot of bitcoins in the world are mined regions such as China, Canada, and Kazakhstan.

These three countries often boast of particularly high energy prices, and the costs of mining bitcoin or other forms of digital currency can pay huge bills.

Sweden and Norway are looking to provide new miners with alternatives and money-saving ways to help them get all the new coins they will need to keep their business running.

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Nevertheless, since the inventor of Bitcoin is of Chinese origin, China remains the largest in the world, and Chinese miners are more than the Swedes and Norway.
We hope that all countries will support mining to turn the balance of economies ... so that the economies become dependent on Bitcoin.

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2 hours ago, Mahmod aljarah said:

Nevertheless, since the inventor of Bitcoin is of Chinese origin, China remains the largest in the world, and Chinese miners are more than the Swedes and Norway.
We hope that all countries will support mining to turn the balance of economies ... so that the economies become dependent on Bitcoin.

You are wrong about the bitcoin inventor origin. According to the name Satoshi Nakamoto, it is a Japanese name. Though China remain the largest mining country for bitcoin. Russian and USA will probably follow. Is that right too?

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You are wrong in my opinion about Sweden and Norway. I know the world's largest mining countries as China, Russia, Japan and the USA. As a matter of fact, many mining companies in the USA are preparing to move to other countries after the recent crypto events in the USA.

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No once mentioned Iceland. Iceland is one of the top mining countries. In fact, any country that has a very cold climate is good for mining. Depending on their electricity costs. Iceland is producing electricity from under ground vapor / steam, from all the volcanic activity. Siberia is also doing a lot of mining.

 

I think that there are no real solid data on which country mines the most. I wouldnt believe anything that China says, about crypto mining or anything else.

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I am not familiar with all the countries that are famous with mining but I have heard that Russia is one of the leading mining countries around the world. What most miners worry about is the expensive power bills they get when the mine, so I guess when this problem is solved more countries and people around the world will be interested in mining. 

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I hope that all countries allow mining. It will be very wonderful if all countries allow this, and the fees will be small because the matter will actually be good. So I am waiting for permission. 

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the mining cost is not the thing you need to keep in the mind all the time because it will be paid as the expenses of keeping the form, rest is the profits and it is possible even in the countries where the electricity is expensive.

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On 1/9/2021 at 8:54 PM, althaaqib said:

Sweden and Norway are the two top mining countries

This is incorrect.

Please next time try to find a reference for what you say because giving false information is not helping anyone.

 

 

image.png.481ccf2608eded75102d04292d6e9c9f.png

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On 1/10/2021 at 12:39 AM, althaaqib said:

As it stands, a lot of bitcoins in the world are mined regions such as China, Canada, and Kazakhstan.

These three countries often boast of particularly high energy prices, and the costs of mining bitcoin or other forms of digital currency can pay huge bills.

Majority of the hashrates for Bitcoin blockchain network are still coming from mainland of China as there are still a huge numbers of Bitcoin mining farms. The information provided in OP is somehow misleading because Sweden and Norway are not the top countries to share the hashrates. 

On 3/3/2021 at 4:03 PM, kryptonick said:

This is incorrect.

I also noticed it in OP. 

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the mining actually needs a lot of power and electricity and when there is low electricity cost in your country you can actually mine with a lot of good profits. 

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