China continues to control the lion's share of the BTC hashrate. However, in the expert environment, some have already paid attention to factors signaling a gradual decrease in the influence of the Celestial Empire on the BTC network.
According to Chun Wang, co-founder of one of the greatest mining pools F2Pool, in April 2021, China accounted for less than half of the computing power generated by bitcoin miners.
For the first time in eight years, the Celestial Empire began to lose in competition with other countries where mining pools also operate.
Chun Wang cited data from Barry Silbert of Digital Currency Group. It follows from them that for the first time the American Foundry pool was on the list of the five largest miners around the world.
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So far, AntPool, operated by the Chinese company Bitmain, remains the leading player. It accounts for 18.6% of the hashrate of the bitcoin network.
However, China's influence as a whole is waning and computing power is shifting to North America, Silbert tweeted.
Harassment of miners in several Chinese provinces will further reduce the share of China in the BTC hashrate, the expert said.