Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: RSRS on October 19, 2021, 05:26:11 AM
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Recent research showed that nearly 20% of bitcoin’s hash rate within the United States is in New York, while Kentucky (18.7%), Georgia (17.3%), and Texas (14%) follow closely.
New York Leads The Way
The financing and advisory company focused on digital asset mining and staking – Foundry USA – conducted a survey to find out which states American bitcoin miners prefer the most as a location of their endeavors. Nic Carter – Co-Founder of Castle Island Ventures, who presented Foundry’s data – said the research is the first of its kind:
“This is the first time we’ve actually had state-level insight on where miners are unless you wanted to go cobble through all the public filings and try to figure it out that way. This is a much more efficient way of figuring out where mining occurs in America.”
Foundry, though, does not include all of the US-based mining farms in its database. Such is the example with Riot Blockchain, one of the largest companies in its field with a considerable presence in Texas. If it had been part of the survey, the Lone Star State could have registered a higher percentage, Carter explained. Riot was not a part of the research because it doesn’t use Foundry, the report explained
More Information (https://cryptonews.net/en/news/mining/2271687/)