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New Data Shows that New York Ranks the First in Bitcoin’s Hashrate
Summary: Within the U.S., 19.9% of bitcoin’s hashrate – that is, the collective computing power of miners – is in New York, 18.7% in Kentucky, 17.3% is in Georgia, and 14% in Texas, according to Foundry USA, which is the biggest mining pool in North America and the fifth-largest globally. But the Foundry dataset does not ...
Within the U.S., 19.9% of bitcoin’s hashrate – that is, the collective computing power of miners – is in New York, 18.7% in Kentucky, 17.3% is in Georgia, and 14% in Texas, according to Foundry USA, which is the biggest mining pool in North America and the fifth-largest globally.
But the Foundry dataset does not account for all of the U.S. mining hashrate, since not all U.S.-based mining farms enlist the services of this pool. The dataset only captures a portion of the country’s domestic mining market.
The Foundry dataset shows the biggest bitcoin mining operations are in some of the states with the most renewable – a game changer for the debate around bitcoin’s environmental impact. Take New York, which leads Foundry’s ranking. A third of its in-state generation comes from renewables, according to the latest available data from the U.S. Energy Information Administration.
By Amy Liu
Tags: Bitcoin,Hashrate,New York
Link: New Data Shows that New York Ranks the First in Bitcoin’s Hashrate [Copy]
