Demystifying Mining Data With HashrateIndex

The Bitcoin mining landscape has undergone shifts over the past year due to China’s crackdowns. Here’s some data that shows how decentralized the BTC network currently is. State Of Decentralization On The Current Bitcoin Mining Network One way to study about decentralization in the BTC mining network is to go through hashrate dominance data of […]

After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project published new data from the website’s “Bitcoin Mining Map,” which had not been updated since April 2020. In that specific report, CBECI researchers noted....

Bitmain, the Bitcoin industry’s second largest mining pool and most popular mining equipment manufacturer, has partnered with investors in China to launch the world’s third most power consumed data center. The company, which currently controls 18.6 percent of the Bitcoin network’s hashpower, plans to build a highly efficient and powerful data center to increase its share of Bitcoin’s hashrate distribution and demonstrate the importance of utilizing renewable energy, such as solar energy, to operate its massive data center. Bitmain Co-CEO Jihan Wu stated: “We have seen that most data....

Data shows the Bitcoin mining difficulty has set a new all-time high after observing a 13.5% jump during the latest adjustment. Bitcoin Mining Difficulty Sees Highest Single Increase Since May 2021 According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH. An […]

BIT Mining Limited has entered into a joint venture agreement with Viking Data Centers to develop a Bitcoin mining site in Ohio. Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85 megawatts crypto mining center in Ohio.As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility.As part of the JV agreement, BIT Mining will pay $10.84 million in cash to Viking Data with the remaining sum settled in cash or company....