Bitcoin is often praised as a decentralized network with mining power distributed around the world to ensure security and neutrality. However, if we take a closer look at mining, activity This suggests that this diversification may not be as evenly distributed as it appears. Although individual theories can participate in mining, the majority of the network’s hashing power is concentrated in a relatively small number of large mining pools and geographic areas.
Why it’s worth taking a closer look at Bitcoin mining distribution
Bitcoin mining is not as globally decentralized as many assume. Analyst Lucky revealed In X, although the network is technically permissionless, we find that a significant portion of its hashing power is still concentrated in a few regions.
Furthermore, it is estimated that approximately 68% $BTC Mining power is distributed across three major countries: the United States, China, and Russia. This concentration is not a coincidence; it is driven by fundamental factors such as infrastructure, energy access, and regulatory dynamics.
Currently, the United States has emerged as a leader due to the rise of organized-scale mining operations and strong access to mining. capital States like Texas have relatively stable regulatory clarity. Despite the official ban, China continues to contribute to the world’s hash power through underground or relocated mining operations, often supported by cheap hydro and coal energy. Russia, on the other hand, benefits from abundant low-cost electricity and a cold region where cooling costs are kept to a minimum.
This move highlights an important reality. $BTC Decentralization exists, but its mining ecosystem Shaped by real-world power, policy, and energy economics. Ultimately, by tracking the distribution of hash power, we can get a clearer picture of what’s where. $BTC Influence within networks is real.
How new tariffs will put pressure on Bitcoin and risk assets
US President Donald Trump is refocused with a new tariff plan that proposes a 25% tax on the full value of goods that use imported steel and aluminum. The investor known as Sjuul AltCryptoGems of X. outlined Bitcoin and the broader cryptocurrency market fell significantly during President Trump’s previous tariff announcements.
This time, on the other hand, the war has already increased uncertainty. Schurr said if such policies escalate into a full-blown conflict, it could increase volatility across financial markets.
During the period, bitcoin whale has aggressively placed resistance in the market, making it clear that the price will not rise above the $70,000 level even as U.S. trading hours progress. According to As news of tensions surrounding Iran emerges, Crypto Seth… $BTC The whales appear to have used this event as a catalyst to push the market down, triggering a wave of liquidations.
A total of 185,806 traders were liquidated, with losses amounting to approximately $4,065,2 million. Crypto Seth pointed out that this was not random volatility, but a calculated move, with 100 degen longs caught offside. At the same time, the data shows that short leverage is building above the $69,000 level. heat map Activities.
