The world's top Bitcoin mining pools all come from China, with five pools being responsible for more than half of the cryptocurrency's total hash. 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. In 2020, China was responsible for mining more than half of all the Bitcoins in the world.
Distribution of Bitcoin's network hashrate in the last 24 hours until April 14, 2021
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Website (BTC.com). (April 14, 2021). Distribution of Bitcoin's network hashrate in the last 24 hours until April 14, 2021 [Graph]. In Statista. Retrieved January 16, 2022, from https://www.statista.com/statistics/731416/market-share-of-mining-pools/
Website (BTC.com). "Distribution of Bitcoin's network hashrate in the last 24 hours until April 14, 2021." Chart. April 14, 2021. Statista. Accessed January 16, 2022. https://www.statista.com/statistics/731416/market-share-of-mining-pools/
Website (BTC.com). (2021). Distribution of Bitcoin's network hashrate in the last 24 hours until April 14, 2021. Statista. Statista Inc.. Accessed: January 16, 2022. https://www.statista.com/statistics/731416/market-share-of-mining-pools/
Website (BTC.com). "Distribution of Bitcoin's Network Hashrate in The Last 24 Hours until April 14, 2021." Statista, Statista Inc., 14 Apr 2021, https://www.statista.com/statistics/731416/market-share-of-mining-pools/
Website (BTC.com), Distribution of Bitcoin's network hashrate in the last 24 hours until April 14, 2021 Statista, https://www.statista.com/statistics/731416/market-share-of-mining-pools/ (last visited January 16, 2022)
