US miners rise while Chinese pools dominate Bitcoin hashrate
Bitcoin (CRYPTO:BTC) mining pools in China currently control 55% of the network’s total hashrate, while U.S.-based mining pools have captured around 40%, according to Cryptoquant CEO Ki Young Ju.
He shared the updated statistics on social media, explaining the evolving global distribution of Bitcoin’s hashrate and the competitive dynamics between Chinese and U.S. miners.
On September 15, 2024, Cryptoquant’s data revealed that mining pools in China maintain a 54.86% share of the global hashrate, while U.S. pools account for 39.58%.
Other countries, such as the Czech Republic and Japan, contribute 2.09% and 0.94%, respectively.
Meanwhile, 2.51% of Bitcoin’s hashpower comes from various other nations.
In recent days, Antpool, a Chinese mining pool, overtook Foundry USA, the leading pool for most of 2024.
Antpool now commands 30% of the global hashrate, generating 191.88 exahash per second (EH/s).
Foundry USA, representing institutional miners in the U.S., follows with 173.89 EH/s, equating to 27.17% of the computational power on the Bitcoin network.
Ki Young Ju noted, “U.S. mining pools primarily serve institutional miners, while Chinese pools cater to relatively smaller miners in Asia.”
This division in market participation reflects different strategies between the two regions.
The growing presence of U.S.-based institutional miners signals a shift in network control, which could influence the future of the cryptocurrency mining industry.
At the time of writing, the Bitcoin price was $64,379.54.
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.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Trending news
MoreCrypto prices
More








