US mining share quietly shrinks while Russia and China quietly take over
Data doesn’t lie: the US Bitcoin hashrate share fell from 37.5% at the start of the year to 36.7%
It lost about 55 EH/s of hashrate—equivalent to hundreds of thousands of mining rigs being shut down
Over the same period, Russia rose from 16.4% to 17.2%, and China rose from 11.3% to 12.2%
The most impressive is Paraguay: its share rose from 4% to 4.7%, and it even added hashrate against the trend
My view: the mining map is being quietly redrawn
The US share is sliding mainly due to electricity prices and policy
Some states tighten regulation, raising mining costs—miners naturally move to places with cheaper power
Russia and China have low electricity prices and looser policies, so their shares go up
Countries like Paraguay, with cheap hydropower, have become the new favorites
But note: global total hashrate is also shrinking—from over 1000 EH/s at the start of the year down to 892
This suggests the industry is still undergoing reshuffling, and unprofitable miners are exiting
The good news: the hashrate price has risen by 27% in 30 days—miners are getting their money back
As mining returns rebound, new players will enter again, and shares will keep shifting
My judgment: while the story of mining decentralization has been told for hundreds of years, the essence is still competing on electricity prices
Whoever has cheaper power can mine
If the US wants to regain market share, it must first solve the energy cost problem
Which country do you think mining’s center of gravity will shift to in the future? Chat in the comments
Click the avatar to watch the live stream
Every day I take you to follow the mining hotspots—more than just seeing what happens in the news, I’ll help you understand the logic and opportunities behind it 👉🦖
#比特币 #Mining
Data doesn’t lie: the US Bitcoin hashrate share fell from 37.5% at the start of the year to 36.7%
It lost about 55 EH/s of hashrate—equivalent to hundreds of thousands of mining rigs being shut down
Over the same period, Russia rose from 16.4% to 17.2%, and China rose from 11.3% to 12.2%
The most impressive is Paraguay: its share rose from 4% to 4.7%, and it even added hashrate against the trend
My view: the mining map is being quietly redrawn
The US share is sliding mainly due to electricity prices and policy
Some states tighten regulation, raising mining costs—miners naturally move to places with cheaper power
Russia and China have low electricity prices and looser policies, so their shares go up
Countries like Paraguay, with cheap hydropower, have become the new favorites
But note: global total hashrate is also shrinking—from over 1000 EH/s at the start of the year down to 892
This suggests the industry is still undergoing reshuffling, and unprofitable miners are exiting
The good news: the hashrate price has risen by 27% in 30 days—miners are getting their money back
As mining returns rebound, new players will enter again, and shares will keep shifting
My judgment: while the story of mining decentralization has been told for hundreds of years, the essence is still competing on electricity prices
Whoever has cheaper power can mine
If the US wants to regain market share, it must first solve the energy cost problem
Which country do you think mining’s center of gravity will shift to in the future? Chat in the comments
Click the avatar to watch the live stream
Every day I take you to follow the mining hotspots—more than just seeing what happens in the news, I’ll help you understand the logic and opportunities behind it 👉🦖
#比特币 #Mining
