New interactive Bitcoin mining map launched News & insight Cambridge Judge Business School
A team affiliated with the University of Cambridge has released a new bitcoin data tool showing the countries with the highest concentration of mining activity. While China is still way out in front, its share of the hashrate has dropped roughly 10% since September. The data comes from APIs connected to three mining pools – BTC.com, Poolin, and ViaBTC – and took a year to develop. Blandin said it represented roughly 37% of total global hashrate and might skew too far against North America and Europe. They are hoping to plug in data from more mining pools and entities to create a more comprehensive picture. “This data may validate some market intuitions, drive greater transparency, and help participants in the conduct of their operations,” said Apolline Blandin, CCAF’s cryptocurrency and blockchain lead, to CoinDesk in an email. The research team is actively looking to partner with additional mining pools and hashers to improve the accuracy and reliability of the mining map. That may be because CCAF’s dataset began in September 2019, at the start of Sichuan’s dry season, when hydroelectric plants were running at lower capacities and aren’t producing as much power. Malaysia (4.33%) and Iran (3.82%) are ranked 5th and 6th, while all other countries’ contributions to Bitcoin mining are less than one percent. Each participating mining pool aggregates IP addresses on their end to create an average geographic distribution of total pool hashpower by country and region. A Team Affiliated with Cambridge University Releases the “Bitcoin Mining Map” According to a report on May 7, 2020, CCAF says that this Bitcoin mining tracking tool will assist users to get the location of different countries’ monthly shares of the global hash rate. Another notable thing about this Bitcoin mining data tool is that it gives users an opportunity to compare Chinese provinces by providing them with detailed data and information. While earlier versions of the mining map appeared overly biased towards China, there are reasons to believe that the sample nevertheless has provided a reasonable approximation of the actual hashrate distribution to date. For one, all participating pools maintain servers in various geographies across the globe to serve their foreign customer base with minimal latency. Furthermore, Chinese pools have dominated Bitcoin mining in recent years, among others because of their relatively low fee structure which has attracted numerous foreign hashers. Finally, the data is based on three mining pools that operate as independent businesses, which allows us to further cross-check for potential anomalies. Cambridge Judge academic named to gifted young professors list Researchers noted that their map is based on geolocation data (i.e. IP addresses) of hashers connecting to Bitcoin mining pools BTC.com, Poolin and ViaBTC, who agreed to share aggregate-level data. The research team is actively looking to partner with additional mining pools and hashers to improve the accuracy and reliability of the mining map. new interactive bitcoin mining map launched The Cambridge Bitcoin Electricity Consumption Index currently estimates that the network is powered by 20.89 GW of capacity. In that case, the North American public mining companies would account for about 35% of the network’s capacity. That is also aligned with TheMinerMag’s previous estimate that a list of public mining companies represent about 40% of the network’s monthly production market share. New mining map by the Cambridge Centre for Alternative Finance at the Cambridge Judge Business School provides increased transparency of the industry for investors, policymakers, researchers and the general public. New mining map by the Cambridge Centre for Alternative Finance provides increased transparency of the industry for investors, policymakers, researchers and general public. Miners who shared their data represent 37% of BTC’s total hash rate over the period covering September of 2019 to April 2nd of this year. CCIF explains that by determining the IP addresses, researchers can map out where Bitcoin miners are located and how Bitcoin mining is distributed around the world. The CCAF Mining Map tracks the average monthly Bitcoin (BTC) hash rate by country using the IP addresses of miners who agreed to share their aggregate data. This sample may not be fully representative as it (i) represents less than half of Bitcoin’s total hashrate, and (ii) is dominated by mining pools previously headquartered in China. According to the Cambridge Centre for Alternative Finance (CCAF), the Bitcoin Mining Map is actually based on the IP addresses or in other words geographical-info of hashers. These IP addresses are directly connected with three major bitcoin mining pools which are BTC.com, Poolin, and ViaBTC, and collectively, these three refers to an estimated 37% of the Bitcoin total hash rate. The Cambridge Centre for Alternative Finance (CCAF) which is affiliated with the University of Cambridge has introduced a new bitcoin data tool known as the “Bitcoin Mining Map” for tracking global bitcoin mining power. Here Are 5 Top Crypto Prop Firms to Consider in 2025 Upon receiving individual pool data, we apply a number of data validation techniques to ensure that reported data is complete and constitutes a reasonable approximation. This is done, among others, by contrasting reported data to publicly observed data from third-party services such as Coin Metrics or BTC.com. A new Bitcoin mining map from a team affiliated with the University of Cambridge aims to visualize hash power by country for the very first time. This trend illustrates how the North American Bitcoin mining power capacity growth may be disrupted due to Bitcoin’s shrinking hashprice and the rising competition from the AI realm. As AI demand continues to surge and power-intensive training models multiply, the next stage of the game is perhaps how to reevaluate mining infrastructure as a competitive asset in the broader data infrastructure economy. For one, all participating pools maintain servers in various geographies across the globe to serve their foreign customer base with minimal latency. Such behaviour may distort the sample and result in an overestimation (or underestimation) of hashrate in some provinces or countries. China’s mining crackdown forced its miners, previously responsible for an impressive 65% of Bitcoin hash rate, to relocate. This sample may not be fully representative as it