Here's the new geography of the bitcoin mining industry

Quick Take

  • Now that China has cracked down on bitcoin mining, a new era is dawning for the global mining industry.
  • Mining firms outside of China are poised to capture much of the market share that Chinese miners have lost.
  • We mapped out the new ecosystem and categorized the new players by capacity, planned capacity, location of their operations, and whether they are publicly listed or private.
A new era is dawning for the global bitcoin mining industry. After China dropped the hammer on local mining operations in June, roughly 90,000 petahashes per second (PH/s) of hash rate, or mining power— about 50% of the network — went offline. Mining firms with operations in China are now scrambling to sell their machines […]

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC