Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: CryptoGirl on October 24, 2017, 06:50:00 PM

Title: The countries with largest number of bitcoin miners
Post by: CryptoGirl on October 24, 2017, 06:50:00 PM
Bitcoin mining is concentrated in two countries: China, with 60 percent, and Georgia, with 15 percent of bitcoin processing power.
The U.S. has a 3 percent share, with the remaining 20 percent spread across the world.
Title: Re: The countries with largest number of bitcoin miners
Post by: Amaral on October 27, 2017, 10:14:39 PM
China holds most of the mining.
Title: Re: The countries with largest number of bitcoin miners
Post by: adterna on October 31, 2017, 02:14:14 PM
wow i just know china have but 60% of bitcoin mining, i thougt russia did
Title: Re: The countries with largest number of bitcoin miners
Post by: rahul10948 on October 31, 2017, 07:06:25 PM
china but i dont know what they want to do with that
Title: Re: The countries with largest number of bitcoin miners
Post by: alfstep on November 02, 2017, 09:38:22 AM
yeah, it depends on the cost of electricity
china is known to have a very cheap electricity cost, that's why they are conquering mining world
Title: Re: The countries with largest number of bitcoin miners
Post by: aiviaa485 on September 07, 2018, 11:53:37 AM
China is like that because China's economic power is now more advanced, not about cryptocurrency, about other economies such as oil, food, exports and imports of all China that has power.

But unfortunately there ICO cryptocurrency is banned, ahhhhhh
Title: Re: The countries with largest number of bitcoin miners
Post by: sugarchrisp on September 07, 2018, 09:56:16 PM
Wow the US is only 3%?  That's nuts.  I thought people would be way more into it here, especially with how cheap our electricity is in some areas.  My electricity is almost the lowest in the whole damn country and I hardly ever see anyone talking about mining.