RATE Group | Beyond China and North America: The Decentralization of Bitcoin Mining
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Beyond China and North America: The Decentralization of Bitcoin Mining

04 Nov Beyond China and North America: The Decentralization of Bitcoin Mining

Posted at 16:07h in Bitcoin News by

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Most of what you’ll read about bitcoin mining will be about mining operations in China and North America, but there is a small, growing sector of active mining operations in parts of the world that you don’t often hear about, in countries like Norway, Russia, Venezuela and Paraguay.

As China Goes, So Goes Bitcoin Mining?

China currently accounts for roughly 60 percent (down from a previously estimated high of 80 percent) of global bitcoin mining. But recent signals from the Chinese government that a mining ban may be in the works is causing some speculation about the future of China’s dominance in bitcoin mining. 

Given China’s development of its own digital currency (expected to be released by the end of 2019), it’s not surprising…

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