Russia has been published in the third place in the world of Mineland Bitcoins. The country’s share in global mining from September 2019 to August 2021 increased almost twice – from 5.9 percent to 11.2 percent, experts were calculated at the University of Cambridge.
Russia’s share increased significantly in June, when in the leading country – China – the volume of mining was sharply reduced due to the actions of the authorities. Several large companies have stopped the work at the same time. As for the isolated holster (total computing power connected to the equipment) in Russia – for the year the average monthly rate increased from 5.2 to 13.6 EH / S, and from June to August 2021 increased by 2.9 EH / S .
According to experts from Cambridge, the production of bitcoins in China in July sued no, and since then the championship has been in the United States. Since partial ban, cryptocurrency in the Asian country in May 2021, the US share in total Hesree rose from 17.8 percent to 35.4 percent. In August 2021, the capacity of American miners equipment turned out to be 428 percent more than in September 2020.
In second place was Kazakhstan. In July, the country came out in the third place in world mining cryptocurrency, also overtaking Russia. Then the media reported that the share of China fell by almost 30 percent. Now, when a former world leader dropped out of the rating, Kazakhstan rose to one position above.
When the PRC began the campaign to suppress activities related to cryptocoluts, miners began to massively leave the country, heading into the regions with cheap energy. Many of them chose the United States, which could contribute to the growth of production among Americans. Finally, China has banned cryptocurrency at the end of September. The People’s Bank of China (analogue of the Central Bank) called illegal all the activities associated with digital currencies, and promised to take tough measures to prevent trade.
In October, the Governor of the Irkutsk region complained to Russian President Vladimir Putin on the underground miners cryptocurrency, stating that because of them in 2021, electricity consumption by the population in the region will exceed the level of last year by 159 percent.