The Largest Bitcoin Mining Pools in the World by Country
The recent analysis by Capital, as reported in their article "The Largest Bitcoin Mining Pools in the World by Country" (source: Capital), highlights the significant role of mining pools in the creation and verification process of Bitcoins. The report notes that after a period of volatility where Bitcoin's value dropped below 50,000 Euros per coin, it has recently surged past 60,000 Euros again. This resurgence is accompanied by an increasing interest from investors not only in direct cryptocurrency investments but also through financial instruments like Exchange Traded Notes (ETNs) which are available on traditional stock exchanges.
A key factor for successful mining operations is the hash rate—a measure of computational power used to verify transactions within the blockchain network. Higher hash rates indicate more secure networks and attract miners seeking reliable returns. According to Statista’s data cited by Capital, Foundry USA leads globally with a staggering 25.98% share of all mined bitcoins as of April 29th, 2024. Based in Rochester, New York, this pool alone accounts for nearly one-fourth of global bitcoin production.
Following closely behind is Antpool from Beijing with a contribution amounting to 20.47%. Meanwhile, F2Pool ranks third, producing approximately 15.75% worldwide; its competitive fee structure coupled with efficient payout systems makes it appealing among miners who also engage heavily in Ethereum extraction alongside BTC activities.
Other notable mentions include ViaBTC occupying fourth place largely due to capturing around eleven percent market share, while Luxor Technology based out of Seattle rounds off the top five list contributing over five-and-a-half percentage points collectively across various cryptocurrencies beyond just flagship offerings such as ETH or LTC tokens alike!
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