​​#btc #mining #Kazakhstan #Russia As of Jan-22 the US was | GreenWalrus.eth

​​#btc #mining #Kazakhstan #Russia

As of Jan-22 the US was the largest hashrate country. Just behind the US in terms of its share of the global BTC mining was Kazakhstan — fugitives from China made the country a crypto power. Numbers three and four were Canada and Russia , respectively. But since the government shut off the internet in Kazakhstan in Jan-2022 and hiked a crypto mining tax miners are searching for a new home again.

Meantime the partial ban on Russian oil forced local producers to request higher flaring allowance and APG-mining becomes a great niche for crypto farms with a huge potential capacity. Moreover the current BTC #hashrate above 200 EH/s can indicate IMO that the real struggle for the blocks is actually between miners in Russia and the US.

@green_walrus

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US miners sell BTC under production cost

APG-miners in Russia make hay while the sun shines