{"id":38367,"date":"2024-09-25T04:49:13","date_gmt":"2024-09-25T04:49:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/china-leads-bitcoin-hashrate-but-u-s-mining-pools-are-gaining-ground\/"},"modified":"2024-09-25T04:49:13","modified_gmt":"2024-09-25T04:49:13","slug":"china-leads-bitcoin-hashrate-but-u-s-mining-pools-are-gaining-ground","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/china-leads-bitcoin-hashrate-but-u-s-mining-pools-are-gaining-ground\/","title":{"rendered":"China Leads Bitcoin Hashrate, But U.S. Mining Pools Are Gaining Ground"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The majority of Bitcoin\u2019s hashrate is still controlled by Chinese mining pools, but American-based pools are catching up. Chinese pools presently control 55% of the network\u2019s processing capacity, while U.S. pools control 40%, according to Ki Young Ju, CEO of Cryptoquant.<\/p>\n<p>In a recent post, Ki Young Ju shared insights into Bitcoin\u2019s global hashrate distribution. <em>\u201cBitcoin hashrate dominance is shifting to U.S. mining companies,\u201d<\/em> he said. While China leads the network\u2019s computational power, U.S. pools are rapidly growing, mainly supporting institutional miners, whereas Chinese pools cater to smaller operations in Asia.<\/p>\n<p>As of mid-September 2024, Cryptoquant\u2019s data shows <a href=\"https:\/\/igaming.org\/crypto\/china-never-really-banned-bitcoin-mining\/\">China\u2019s mining<\/a> pools control 54.86% of Bitcoin\u2019s total hashrate. U.S. pools manage 39.58%, with smaller contributions coming from other countries like the Czech Republic (2.09%) and Japan (0.94%).<\/p>\n<h2>Foundry USA vs. Antpool<\/h2>\n<p>Throughout 2024, Foundry USA was the #1 mining pool, but Antpool recently overtook it. Antpool now controls 191.88 EH\/s, or 30% of the global hashpower. Conversely, Foundry USA provides 173.89 EH\/s, or 27.17% of the power in the worldwide network.<\/p>\n<p>The fact that Chinese and American mining pools are becoming more competitive highlights how the Bitcoin mining landscape is changing. The dynamics of the bitcoin market may shift in the future as smaller businesses adjust to these developments and institutional miners gain clout.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/china-leads-bitcoin-hashrate-but-u-s-mining-pools-are-gaining-ground\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The majority of Bitcoin\u2019s hashrate is still controlled by Chinese mining pools, but American-based pools are catching up. Chinese pools presently control 55% of the network\u2019s processing capacity, while U.S. pools control 40%, according to Ki Young Ju, CEO of Cryptoquant. In a recent post, Ki [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":38368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38367"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38367"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38368"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}