Where in the World are Bitcoin Mines located?

Bitcoin mining is dominated by China with the top 4 mining pools within their borders according to the blocks mined during 2016.

 

20.67% blocks mined – AntPool is run by Bitmain, a Chinese mining hardware company headquartered in Beijing. “Bitmain technologies Limited is a Chinese IC design company founded in the first quarter of 2013, which specializes in research, development and sales for custom mining chips and miners. We aim to quickly deliver innovative and competitive custom hardware solutions to help the community. Bitmain is able to provide the most power effective Bitcoin mining solution on today’s market.”

Click here for the Bitmain website 

 

20.63% blocks mined – F2Pool, this Chinese pool is also known as DiscusFish.  It is operated by Wang Chun and Mao Shihang, “two Chinese technology enthusiasts”

Click here for F2Pool website

 

 

12.62% blocks mined – BTC China, is one of the biggest players around despite only launching at the end of 2014. BTCC  is one of China’s largest and first bitcoin exchanges – Bobby Lee is CEO and co-founder of BTCC.

Click here for BTCC website

 

9.91% blocks mined – BW Pool is another Chinese pool. It is owned by digital currency company Bitbank, which was founded by Chandler Guo

Click here for BW website

 

9.48% blocks mined – BitFury is the best-funded mining hardware company in the business, raising $20 million (£12.8 million) in July 2015.  Valery Vavilov is the CEO and co-founder of The Bitfury Group – a private mining pool with offices in San Fransisco, London, Amsterdam and Washington DC and data centres in Georgia.

Click here for BitFury website

 

In India, GBMiners mined their first block in August 2016 and showing 1.02% blocks mined – they claim to be the fastest growing Bitcoin mining pool.   Amit Bhardwaj is the founder of GBMiners.

Click here for GBMiners website

 

 

Slush Pool, Czech Republic, was the first mining pool established in the world with over 1,000,000,000 bitcoins mined since 2010

Click here for the Slush Pool website

 

This is the global mining pool share graph as listed by Blocktrail for the past year – 2016

 

Click here for latest Bitcoin statistics

What is Bitcoin Mining? Watch this short explainer video to learn more.

 

How to make money with crypto mining – EOT

 

Get your copy of What is Bitcoin

This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.

 

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