A Hitchhiker’s Guide To Bitcoin Mining In North America
Like a hitchhiker taking to the American highways for the first time, anyone hoping to get a clear picture of the universe of bitcoin mining today might be perplexed at the seeming opaqueness, yet sheer size of the North American mining ecosystem. As a miner recently advised new entrants into the space on Twitter: New players in mining: the industry is massive, disorganized, fragmented, and built by people no smarter than you. There’s plenty of room to shake things up.— Leo (@Leorzhang) January 17, 2021 Distinct from China, which leads the world’s mining hash rate with an....
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North America’s bitcoin mining industry is changing the way we use energy. But where exactly are these operations drawing their power from?
A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years now China has been the most dominant region in terms of bitcoin miners worldwide and at one point 65% to 70% of the network hashrate stemmed from the country. In May 2021, the Bitcoin hashrate is significantly higher nearing 200 exahash per second (EH/s)....
Bitcoin mining farm operator Compute North and financial services group Foundry Digital are bringing more hash power to North America. The post Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America appeared first on Bitcoin Magazine.
Cryptocurrency mining software provider Titan today announced Titan Pool, an effort to contribute more Bitcoin mining hash rate from North America. The post Titan Announces North American Bitcoin Mining Pool appeared first on Bitcoin Magazine.
As more groups work to contribute Bitcoin mining hash rate from North America, industry-focused financial services providers are critical. The post How Industry Financial Services Are Buoying North American Bitcoin Mining appeared first on Bitcoin Magazine.