Note: 

average monthly hashrate share by country and region for the selected period, based on geolocational mining pool data. Updates are scheduled on a monthly basis subject to data availability (generally with a delay of one to three months).

 

All changes and updates are listed in the  Change Log.

All information on this page is based on an exclusive sample of geolocational mining facility data collected in partnership with several Bitcoin mining pools (please visit the Methodology page for further information). We would like to thank BTC.com, Poolin, ViaBTC, and Foundry for their contribution to this research project. 

If you are a mining pool operator and would like to contribute to this research, please  get in touch.

* To our knowledge, there is little evidence of large mining operations in Germany or Ireland that would justify these figures. Their share is likely significantly inflated due to redirected IP addresses via the use of VPN or proxy services.

* To our knowledge, there is little evidence of large mining operations in Germany or Ireland that would justify these figures. Their share is likely significantly inflated due to redirected IP addresses via the use of VPN or proxy services.

Historical Findings

Our dataset empirically recorded for the first time the seasonal hashrate migration within mainland China which was previously only anecdotally observed. As can be seen in the chart below, miners within China were staying mostly in the more stable coal-fired regions like Xinjiang in late autumn, winter and spring (’dry season’), and migrated to regions with significant temporary overcapacities in low-cost hydropower, like Sichuan, between May and October during the ‘wet season’. Since the government crackdown on the mining industry in June 2021, no data has been available – and the migrations have likely become a phenomenon of the past.

Note: seasonal variance in renewable energy production causes a pattern where mining operations are moving between regions within China to benefit from cheap and abundant power.