US leads Bitcoin mining followed by Kazakhstan and Russia: Cambridge Bitcoin Electricity Consumption Index

NEW DELHI: The latest research done by Cambridge Bitcoin Electricity Consumption Index (CBECI) has thrown up interesting insights about global Bitcoin mining distribution, in the aftermath of China’s crackdown.

The CBECI data revealed that the US is leading Bitcoin mining accounting for 35.4 per cent of global mining. It is followed by Kazakhstan at 18.1 per cent and Russia at 11 per cent of the total mining.

The research has covered a period of 4 months from May to the end of August. The CBECI tracks the geographic distribution of computing power used for Bitcoin mining and provides an up-to-date estimate of Bitcoin’s daily electricity load.