Cambridge University Releases New Tool for Tracking Global Bitcoin Mining Power

A team affiliated with the University of Cambridge has released a new bitcoin data tool showing the countries with the highest concentration of mining activity.

The Cambridge Centre for Alternative Finance (CCAF), which is based at the Cambridge Judge Business School, said Wednesday the Bitcoin Mining Map would visualize countries’ monthly share of global hashrate for the very first time, as well as provide more in-depth data for comparing Chinese provinces.

On a global scale, the map shows China making up 65% of total global hashrate, with the U.S. and Russia back on 7%. While China is still way out in front, its share of the hashrate has dropped roughly 10% since September.

The data comes from APIs connected to three mining pools – BTC.com, Poolin, and ViaBTC – and took a year to develop. Blandin said it represented roughly 37% of total global hashrate and might skew too far against North America and Europe. They are hoping to plug in data from more mining pools and entities…