Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Countries that mine the most Bitcoin (BTC) in 2020

A majority of Bitcoin mining occurred in China, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in 2020. Hashing refers to the amount of processing power that PCs use to build the blockchain: the more blocks of verified transactions that are processed or "hashed", the more Bitcoin - the reward for this verification process - is being mined. Simply put, the higher the hashrate - or the hash power of the overall network - the more secure it is. These figures attempt to show where most of this hashing - and, consequently, Bitcoin mining - occurs.

These figures are different from numbers showing interest in Bitcoin and which global countries traded this cryptocurrency the most. Here, over 65 percent of the monthly hashrate in April 2020 was found in one of three provinces in China. This means China plays an important role in the mining of the digital coin. By comparison, both the United States and Russia had a market share in Bitcoin mining of around seven percent. Whether either of these two countries profited from growing Bitcoin mining revenue in 2021, is not clear.

Distribution of Bitcoin mining hashrate as of April 2020, by country

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until May 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

August 2020

Region

Worldwide

Survey time period

April 2020

Supplementary notes

The source explicitly mentions that the date provided may not necessarily be representative: the data provided is based on geo-location and assumes the IP addresses of miners matches the country they are currently residing in. This comes back in the use of VPN: the source lists it tried to mitigated effects of miners trying to hide their IP address. This was especially visible in the Chinese province of Zhejiang - one of three provinces the sources used to represent China.

The source states that the figures shown here should "collectively represent approximately 37 percent of Bitcoin total hashrate over the examined period."

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Bitcoin"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.