A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate
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Cambridge University has launched a ‘Bitcoin Mining Map’ that shows the distribution of hashing power worldwide as well as within China.
The Cambridge University’s Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that provides the average monthly hash rate produced by each country across the globe.
The map is informed by the data of mining pools ViaBTC, Poolin, and BTC.com. Cambridge claims the platform is the first to publicly offer a geographic breakdown of Bitcoin (BTC) hash power distribution.
China represents 65% of hash power
Unsurprisingly, the map shows the vast majority of hash power is located within China — with 65.08% of the global total.
That’s almost nine times more than the U.S in second place with 7.24%, followed by Russia with 6.90%, Kazakhstan with 6.17%, Malaysia with 4.33%, and Iran with 3.82%.
The rest of the world combined represents 6.5% of hashing power, with each remaining country comprising less than 1% respectively.
The CCAF also stores historic data, allowing users to see how hash power distribution has changed over time. Users can also select multiple months to view the average hash power over a longer period.
One-third of global hash rate is in Xinjiang
The website hosts two maps looking at both global and Chinese hashrate distribution respectively.
More than half of China’s hash power is located in the Xinjiang region, which represents 35.76% of the global total.
Sichuan province has the second-highest concentration of mining power within China with 9.66%, followed by Inner Mongolia with 8.07%, Yunnan with 5.42%, and Beijing with 1.73%.
With the Bitcoin halving set to take place in less than one week, global hash power has pushed into new all-time highs over recent days.