Cryptocurrency Q&A
Which country is mining Bitcoin in 2024?
Which country is mining Bitcoin in 2024?
Silvia
Wed Dec 04 2024
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6 answers
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I'm curious to know which country is actively engaged in mining Bitcoin in the year 2024. I want to understand the global distribution of Bitcoin mining activities in the current year.
6 answers
Silvia
Fri Dec 06 2024
Bitcoin operates on a decentralized network that relies on hashing power to validate transactions and create new blocks in the blockchain.
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EthereumLegendGuard
Thu Dec 05 2024
Canada also contributes significantly to the network's hashing power, with a 6.48% share.
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Silvia
Thu Dec 05 2024
The distribution of hashing power across different countries plays a crucial role in the security and decentralization of the Bitcoin network.
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amelia_jackson_environmentalist
Thu Dec 05 2024
According to recent data, the United States holds the largest share of the monthly hashrate, with a 37.84% dominance.
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SeoulSerenitySeekerPeaceLover
Thu Dec 05 2024
China follows closely with a 21.11% share of the hashrate, indicating its significant involvement in the mining industry.
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