October 19, 2021

Russia has come out on the third place in the world in bitcoin mining

The share of China in the world production of the first cryptocurrency dropped to zero. Leadership in this indicator is now for USA.

Russia took third place in the world in miningbitcoin - according to data from the University of Cambridge, the country's share in the total computing power of miners reached 11% in August, up from 6.8% in April.

A university study indicates that the United States is now the leader in terms of mining (35.4% share). The second place is occupied by Kazakhstan, whose share in the world mining is 18%.

At the same time, the share of China, which until recentlywas the largest mining center, fell from 46% to zero in four months. The collapse is explained by strict restrictive measures in the industry - the mining of cryptocurrencies in the country was completely banned. As a result of this, cryptocurrency mining enterprises were forced to stop working in order to move to other countries. In September, the Chinese authorities imposed a complete ban on cryptocurrency transactions and equated them with illegal financial activities.

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