Which Countries Are Mining The Most Coins?

[Sami balta 53]

China :

China is the leading miner of most of the Bitcoins, and hence acts as the major exporter of cryptocurrency coins as well. China owns many major pool-mining communities, which have been estimated to own around 60% of the hash power. This also means that 60% of newly mined Bitcoins come from China

Georgia : 

Georgia is the residence of the famous Bitcoin mining company, BitFury, which not only controls 15% of the mining activities but is also one of the biggest manufacturers of Bitcoin chips and mining hardware .

Sweden :

Sweden’s Stockholm is where KnCMiner, one of the significant Bitcoin mining players, has spread its roots. It contributes to 7.5% of the mining of Bitcoins. 

U.S. : 

21 Inc., located in the U.S., is a BTC mining company situated in California. The firm not only executes a considerable amount of mining activities but also produces and sells low-powered miners for Bitcoin, which is a product of their 21 Bitcoin computer line. The majority of hash power generated from the 21 Bitcoin systems targets the mining pool owned by the company. Their mining power can contribute 3% of the total mining activities.

Rest Of The World :

The companies mentioned above take care of 80% of the Bitcoin mining processes. The remaining 20% is spread out around the rest of the countries.

[kadayakito 765]

I know China is a country that has a lot of bitcoins, but I don't think it's a top one, I am quite surprised. China is really growing.

[magd 5231]

This topic is very useful and contains a lot of information, but why did China beat the United States with the ratios of the cryptocurrency metal, even though the United States is a huge economic power and always cares about everything new, and where are the rest of the countries like Germany and Britain, how did Georgia manage to get ahead of it? Please reply

[Ayush Singh 1175]

US and China are the most preferable country for the cryptocurrencies the users of these two countries are very much attached with the Crypto coins and there is a big demand by these two countries mainly China is the core which effects whole price of the coins

[Zaino34 0]

It is true that China is the country most used for mining, but now I think that mining operations have been affected by the Corona virus and Bitcoin is currently witnessing a significant price drop, and certainly the impact of this on mining.

[teminalibug 309]

which i find to be very unnormal, china is one of those countries that have banned bitcoin, then why would they be the leading country in bitcoin mining, how is distributing more coins not illegal.

[teminalibug 309]

22 hours ago, DoboniAyuuii said:

You are right. But they actually mine bitcoin and other cryptocurrencies  and the world knows. I hate China for this so much. They ban cryptocurrencies  nut they are mining it. 

they mine it get the profit and then they sell it to other countries that is what they do, so it does not affect their country but others.

[jacker 1095]

Thanks for the list. China is a strong bitcoin mining country, explained simply because the electricity there is cheap, so are miners. and I know that China is banned from mining, which I think is good, limiting bitcoin mining and waste in China is also limited.

[bliznec 22268]

Bitcoin is also mined in Russia and most of it is located in Siberia. This greatly affects having the privileges of a given country over mining bitcoin. 

[BitcryptoHan 2557]

On 4/27/2020 at 5:59 AM, EndMix said:

I can say for sure that China attracts the most. It is cheap to mine there due to cheap electricity, so a lot of people are mining there

There are more reasons the China favour mining that electricity, but electricity is one of the main reasons mining is profitable in China, but also, the labor in China is cheap, they also have direct access to miner producing company, mineral used in China are directly made in China and at low costs. 

[iloveyobit 6599]

These statistics are known for a long time, and also that China is the dominant Bitcoin mining at the present time, but this does not mean that the United States does not have a reserve for Bitcoin.

[Honny143 13612]

China is the most bitcoin mining country I know this but in your topic you mention additional information to know very well, why China is no1 in mining, this information help to study China mining conditions and we know how China miners control bitcoin prices, last  month corona virus effects China and bitcoin prices decrease.

[Calvinpriva 17296]

Am not surprised to hear China they lead in bitcoin mining, this country has a good economy and they are good in investing to any business for a profitable way. Those other countries also has good economy and good ways to invest for profit but i think China leads all.

[Brand1 1336]

Everything you say is true, we can consider China to be the most country that possesses the largest number of mining devices and cryptocurrencies, so China has a great ability to control the prices of these currencies. China from the virus prices began to recover and rise

[BTC Future 3946]

Lately Iran is getting in the Bitcoin mining market dynamically with their share of hashrate reaching 4%. It will be bigger than that soon as the Iranian government is making plans in making some strategic plan on Bitcoin mining and cryptocurrencies.