The estimated number of terahashes per second the bitcoin network is performing in the last 24 hours.
Table of contents
- Countries that mine the most Bitcoin (BTC) in 2021
- How the Bitcoin hash rate predicts BTC price
- Get the Latest from CoinDesk
Change Log. Bitcoin Mining Map. All changes are listed in the Change log.
Countries that mine the most Bitcoin (BTC) in 2021
The map is based on geo-location data i. Thus far, it has shown to be much more profitable for users of Bitcoin and other cryptocurrencies to work towards "mining" new coins, rather than working on a network-wide "hack. Though it certainly should be said, as the number one decentralized cryptocurrency and store of value out there, Bitcoin remains the largest hacking opportunity in the world.
It should also be noted that anyone across the globe, with the right computing equipment, which is sometimes just a laptop, can become a miner for cryptocurrency or at least join a pool, as in Bitcoin's case.
Today, the Bitcoin network is secured by over ten quintillion calculations per second, by servers all across the world. This makes it the largest computing network in the world, by far.
How the Bitcoin hash rate predicts BTC price
Hashing power is a strange thing. What does it really mean? But we can also compare it to other systems in the physical world.
One way to do this is by looking at the growth rates of Bitcoin and other blockchains' hashing power. The first trend provided above is relatively simple, which is the annual rate of hashrate growth in blue, right axis , graphed continuously each day, over the existence of the network. To determine appropriate values for the remaining parameters, additional data are available from external sources on US electricity rates , EU electricity rates , historical difficulty levels , and mining hardware hash rates and power consumption.
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All calculations assume that mining begins immediately. The current block number is taken to be length of the current longest blockchain as given updated every fifteen minutes.
Get the Latest from CoinDesk
Calculations begin at the given difficulty. The number of days until the first difficulty adjustment is taken to be the ETA estimate provided by blockexplorer. Subsequent increases are assumed to occur regularly according to the specified interval. Since difficulty changes occur every blocks, the interval in days you choose for difficulty adjustments implies a rate at which new blocks are solved. The reward for solving blocks e. Estimated transaction fees are not yet included. The exchange rates and revenue and profit projections produced on this site are for educational purposes only.
They are not guaranteed to be accurate, and are subject to change without notice. Interval days :. Cost USD :.
