USA Expands Bitcoin Hashrate Share to Over 40%
The United States has significantly increased its share of the global Bitcoin hashrate, now accounting for over 40% by the end of 2024. This expansion comes amidst growing concerns about centralization in the cryptocurrency mining sector. According to Cointelegraph Deutschland, two major US-based mining pools, Foundry USA and MARA Pool, collectively control more than 38.5% of all mined blocks. Foundry USA alone saw a substantial increase in its hashrate from 157 EH/s at the beginning of 2024 to approximately 280 EH/s by December.
Despite this growth, Chinese mining pools still dominate with around 55% control over the worldwide hashrate as per TheMinerMag's data shared via Cointelegraph Deutschland. These miners circumvent China's crypto ban using VPNs and peer-to-peer apps that allow them to connect with international mining operations discreetly.
Switzerland Plans Bitcoin as Strategic Reserve
A groundbreaking initiative is underway in Switzerland aiming to incorporate Bitcoin into national financial reserves alongside gold. As reported by IT BOLTWISE® x Artificial Intelligence, this move could position Switzerland among pioneering Western nations integrating cryptocurrencies into their monetary strategies officially.
This proposal seeks constitutional amendment approval requiring collection of at least 100,000 signatures before June 2026 for a nationwide referendum on adopting Bitcoin strategically within Swiss economic policy frameworks—a step potentially setting precedence globally following El Salvador’s lead holding significant BTC reserves already.
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