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>>Bitcoin’s hashrate stays concentrated, with the United States, Russia, and China together holding 65% of the total share.

Bitcoin’s hashrate stays concentrated, with the United States, Russia, and China together holding 65% of the total share.

crypthub

about 4 hours ago

Global Hashrate Concentration

The Bitcoin network’s computing power remains highly concentrated, with the United States, Russia, and China together supplying 65% of the total hash rate. These three nations hold 37.4%, 16.9%, and 12% respectively. Such centralization means regional policy shifts or disruptions can affect the entire blockchain.

US Dominance and Shifts

The United States stays the largest provider of hash power, though its share fell by 0.13% since early 2026. Kyrgyzstan and Paraguay increased their contributions by 0.4% and 0.3%, adding modest diversity. Overall, the top ten mining countries still command the bulk of global capacity.

Causes of Recent Decline

Global hash rate dropped from 1,083 EH/s in October to about 953 EH/s now, driven largely by Bitcoin’s price fall, which pushes less efficient miners offline. Many large mining firms are redirecting resources to AI data‑center operations, finding them more profitable. Weather events, such as a recent U.S. snowstorm, also forced temporary shutdowns.

Market Implications and Price

A reduced hash rate signals tighter margins for miners and raises concerns about network resilience. Bitcoin’s price slipped to roughly $67,900, reinforcing the revenue pressure on miners. Continued price volatility could further reshape the geographic distribution of mining power.