![]() Note that mining figures are different from figures on Bitcoin trading: Africa and Latin America were more interested in buying and selling BTC than some of the world's developed economies. These figures attempt to show where most of this hashing - and, consequently, Bitcoin mining - occurs. ![]() Simply put, the more hashing occurs, the more Bitcoin is being mined. Bitcoin requires energy for hashing, or the PC processing power needed to build the blockchain. Likely this is connected to energy prices worldwide: Electricity costs in Germany were over 10 times more expensive than in China. Most Bitcoin mining occurred in China, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in 2021.
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