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The European Union accounts for only 6% of Bitcoin mining power, with the United States ranking first

The European Union accounts for only 6% of Bitcoin mining power, with the United States ranking first

2023/12/31 13:50
BTC+0.39%

According to the latest report from Bankless Times on Bitcoin mining, the 28 countries of the European Union (EU) collectively account for 6% of the Bitcoin network's computing power. Among them, Ireland's GDP in 2023 is $115 billion, nearly 160 times lower than that of the EU's GDP, but it accounts for 2% of the Bitcoin network's computing power. The United States is currently the leading country in Bitcoin mining, with 38% of the network's computing power. China ranks second with a share of 21%, followed by Kazakhstan (13%) and Canada (7%). Russia ranks fifth with a share of 5%.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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