Cryptocurrency Q&A
Which country to mine Bitcoin?
Which country to mine Bitcoin?
HanjiArtistryCraftsmanship
Wed Dec 11 2024
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7 answers
1462
I'm considering mining Bitcoin, but I'm not sure which country would be the most suitable for this activity. I want to understand where the most favorable conditions for Bitcoin mining are, taking into account factors like electricity costs, regulations, and the availability of mining infrastructure.
7 answers
CryptoTamer
Fri Dec 13 2024
Prior to 2021, China was a significant player in the Bitcoin mining industry.
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Silvia
Fri Dec 13 2024
The United States holds a prominent position in the global Bitcoin mining landscape.
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Martino
Fri Dec 13 2024
However, following the ban on crypto mining in China in 2021, many miners shifted their operations.
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WhisperEcho
Fri Dec 13 2024
As of 2024, the US contributes approximately 37.8% of the world's Bitcoin hash rate.
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Eleonora
Fri Dec 13 2024
Many of these miners chose to relocate their mining activities to the United States.
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