China continues to hold 55% of Bitcoin’s hash rate despite the ban on digital asset mining. The United States reaches 40%.
Despite the ban imposed in 2021, China maintains a significant position in the Bitcoin mining industry.
According to data shared by Ki Young Ju, CEO of CryptoQuant, over 55% of the hash rate is still controlled by Chinese mining pools. In the United States, mining pools, primarily managed by institutional players, would account for 40% of global power.
However, according to data updated in January 2022 from the CBECI (Cambridge Bitcoin Electricity Consumption Index), China would manage 21.11% of the global hash rate, while the United States would account for 37.84%.
