Bitcoin Mining Hashrate—the USA Dominates Global Mining Space, Commanding 35.4% of Global Hash Power
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Since the last Cambridge Bitcoin Electricity Consumption Index (CBECI) project mining map update in mid-July, the United States has maintained its dominance in terms of global hashrate provision. Meanwhile, data shows that Foundry USA commands the highest pool position with 755 Bitcoin block rewards mined over the past 30 days.
Analytics platform chainbulletin.com’s mining map also confirms that the US holds the highest concentration of hash power globally, ever since the exit of BTC miners from China. Chainbulletin.com shows that the current hashrate coming out of the US is 66.22 exahash per second (EH/s), or 35.4% of the global hashrate. Interestingly, 17.87 EH/s or 9.55% comes from Canada, giving both North American countries a 44.95% global hashrate control.
The top pool operators located in the US include Binance USA, Btc.com, SBI Crypto US, Viabtc US, Poolin US, Slushpool US, Antpool US, F2pool USA, and Foundry USA. Data shows that these pools control the top eight largest mining pools globally. As mentioned earlier, data also showed that Foundry USA solved 755 blocks maintained the highest mining pool position (16.87% of global hashrate) over the last 30 days.
Antpool and F2 came in the second position, with both pools solving 659 blocks or 14.72% of the total BTC hashrate. Binance Pool and Poolin came in third and fifth positions, respectively, with the former solving 517 blocks or 11.55% of Hashrate and the latter securing 511 blocks or 11.42% of hashrate over the past 30 days.
Key Bitcoin Levels to Watch — January 25
On the technical front, BTC remains in terrible shape after bottoming out at $33K yesterday. The benchmark cryptocurrency is now on track to test the critical descending trendline around $38K, which has exerted downward pressure on BTC ever since it peaked at $69K in November last year.
With the prevailing market sentiment, BTC still has more corrections left, meaning that I do not expect it to break the trendline if it touches it.
Meanwhile, my resistance levels are at $37,500, $38,500, and $40,000, and my key support levels are at $36,000, $35,000, and $33,750.
Total Market Capitalization: $1.66 trillion
Bitcoin Market Capitalization: $697.4 billion
Bitcoin Dominance: 41.9%
Market Rank: #1
