US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position
Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days.
The United States Commands a Large Concentration of Bitcoin Miners, 66 Exahash Recorded in the US on January 24
According to chainbulletin.com’s mining map, there is a large concentration of the Bitcoin network’s hashrate located in the United States. At the time of writing, data shows that 66.22 exahash per second (EH/s) or 35.4% of the global hashrate resides in the U.S., while 17.87 EH/s or 9.55% is located in Canada. Between Canada and the United States, the countries command 44.95% of the global hashrate.
Pool operators located in the U.S. include Binance USA, Btc.com, SBI Crypto US, Viabtc US, Poolin US, Slushpool US, Antpool US, F2pool USA, and Foundry USA. The 30-day statistics showing hashrate distribution show that the aforementioned pools command the top eight largest mining pools worldwide. Metrics indicate that Foundry USA found 755 blocks and captured the top pool position last month with 16.87% of the hashrate.
Following Foundry USA’s 30-day stats was Antpool’s 659 blocks found or 14.72% of the BTC hashrate. F2pool found the same amount of blocks as Antpool last month and captured 14.72% of the network hashrate as well. Binance Pool came in fourth this past month with 11.55% of the hashrate or 517 blocks found. Lastly, the fifth-largest mining pool during the last 30 days was Poolin as it captured 511 block rewards or 11.42% of the global hashrate.
Bitcoin Mining Operations Are Located in Florida, New Jersey, California, Virginia, Ohio, Colorado, Washington, Texas
Chainbulletin’s mining map shows that F2pool has an operation in Florida and California, Btc.com has operations in Virginia, Colorado, and Washington. SBI Crypto US is located in Oregon and Foundry USA has a pool located in Ohio. Slushpool US has operations in Colorado, California, and New Jersey, while Antpool has operations in Texas. Furthermore, lots of smaller American bitcoin mining facilities are pooled together with larger U.S. mining pools.
Many of these companies have bitcoin mining operations overseas as well. For instance, Huobi, Btc.com, and SBI Crypto have operations in Germany. Slushpool and Antpool have operations in Amsterdam and Slushpool and SBI are also operating in Japan. Okex has a bitcoin mining operation in Hong Kong, and Slushpool and Pooling have facilities in Singapore. Slushpool also has a residence in Russia according to Chainbulletin’s mining map data.
Despite the increased mining difficulty last week and the significant drop in BTC’s price, bitcoin miners worldwide have managed to keep the tempo high. At the time of writing, the global hashrate is running at 194 exahash per second (EH/s) in terms of computational power. 24-hour metrics show that Foundry USA has an even larger share of hashrate with 22.76% of today’s global hashrate or 42.42 EH/s.
What do you think about the concentration of bitcoin miners located in the United States today? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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