SBI lost 40% of hash rate after stopping mining in Russia: Data
After terminating mining operations in Russia's mining-rich region of Siberia in February, SBI still continues running some mining activity in the country. Japanese financial giant SBI Holdings has partly terminated cryptocurrency mining in Russia due to geopolitical uncertainty and the crypto winter.SBI Holdings suspended mining operations in Russia’s crypto mining-rich region of Siberia, citing reasons like Russia-Ukraine conflict and the ongoing bear market, Bloomberg reported on Thursday.The Japanese online brokerage shut down the Siberian mining operations shortly after Russia started....
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Data shows anonymous entities becoming an ever larger force on the Bitcoin mining scene this year and last. Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing.According to data from on-chain data resource Blockchain, hash rate distribution is increasingly favoring small, unknown miners. Small guys increase slice of mining pieDespite the past twelve months seeing a large price run-up, Bitcoin miners have not become more “corporate” — mining is actually seeing more anonymous, small-scale entities join in.Looking at hash....
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The United States now accounts for more than a third of the total Bitcoin mining activity with Kazakhstan and Russia also becoming major locations. Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in America account for 35.4% of the total global BTC mining hash rate distribution.CBECI data also shows Kazakhstan (18%) and Russia (11%) as the next major Bitcoin mining centers outside the United....
The total share of the Bitcoin hash rate owned by publicly traded companies has surged over the past year as a growing number of Bitcoin miners go public. A recent report has shown that nearly one-fifth of the total share of Bitcoin’s hash rate now belongs to publicly-listed mining companies.The report, published by Arcane Research, details that publicly-listed Bitcoin (BTC) mining companies now account for 19% of Bitcoin’s total hash rate, growing considerably from a mere 3% in Jan. last year. Public miner’s share of BTC hash rateThe term hash rate refers to the total computing power used....