Which Countries Are Mining The Most Coins? Bitcoin mining gives more weight to countries with cheap energy consumption & this has led to the centralization of the mining industries to only 10 to 15 major mining companies. As most of the companies are located in a few countries from where they mine and export Bitcoins. Here is an insight into the major ones:

China China owns many major pool-mining communities, which have been estimated to own around 60% of the hash power. This also means that 60% of newly mined Bitcoins come from China.

Georgia Georgia is the residence of the famous Bitcoin mining company, BitFury, which controls 15% of the mining activities.

Sweden Sweden’s Stockholm is where KnCMiner, one of the significant Bitcoin mining players, has spread its roots. It contributes to 7.5% of the mining of Bitcoins.

U.S. 21 Inc., located in the U.S., is a BTC mining company situated in California. Their mining power can contribute 3% of the total mining activities.

Rest Of The World

The companies mentioned above take care of 80% of the Bitcoin mining processes. The remaining 20% is spread out around the rest of the countries.