3 countries control 66% of Bitcoin mining, but 1 rival is gaining | CryptoAce VIP
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3 countries control 66% of Bitcoin mining, but 1 rival is gaining

Category: Bitcoin Run Alpha Published: Updated: Desk: CryptoAce VIP Editorial ✓ Verified Desk Analyst Source: CryptoSlate
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3 countries control 66% of Bitcoin mining, but 1 rival is gaining

Story summary

Hashrate Index's October comparison still puts about two-thirds of estimated hashrate in three countries, without measuring ownership or pool control. The post 3 countries control 66% of Bitcoin mining, but 1 rival is gaining appeared first on CryptoSlate.

📌 Key Highlights & Takeaways

  • Hashrate Index's October comparison still puts about two-thirds of estimated hashrate in three countries, without measuring ownership or pool control.
  • The post 3 countries control 66% of Bitcoin mining, but 1 rival is gaining appeared first on CryptoSlate.

Bitcoin's estimated US mining footprint shrank as Russia's grew, with little change in top-three country concentration.

Hashrate Index's Oct. 5 country estimates put the US at about 335 EH/s, down from 345 EH/s in the previous edition, while Russia rose from 162 to 170 EH/s.

The US, Russia and China still account for roughly 66% of the estimated network. Their combined share slipped by about 0.8%, even as the global hashrate estimate stayed almost flat.

That is a modest change in geographic concentration, with a clearer shift in the balance between the two largest mining locations.

Luxor Technology's mining data platform Hashrate Index labels the report its fourth-quarter update, but the figures describe observations from the preceding third quarter. Its July 16 comparison edition described June estimates.

The October publication is neither a completed fourth-quarter result nor a live census of where machines are operating on Oct. 6.

The comparison separates absolute mining activity from network share. Estimated US hashrate declined as its share fell from 36.7% to 35.6%, while Russia gained both estimated hashrate and share, rising from 17.2% to 18.1%. China's estimate declined from about 115 to 110 EH/s.

The network total is a 30-day simple moving average of hashrate, the computing work devoted to mining.

From an on-chain analytics and liquidity distribution perspective, developments around "3 countries control 66% of Bitcoin mining, but 1 rival is gaining" signal important shifts in network participation. Market participants observe that derivative funding metrics, exchange reserve telemetry, and smart contract protocol interactions reflect cautious accumulation alongside disciplined risk hedging across the sector.

Technical research analysts at CryptoAce VIP note that high-density order book clusters and volume-weighted average price (VWAP) benchmarks near recent consolidation floors will serve as pivotal indicators. Market observers are advised to cross-examine telemetry on verified block explorers before making capital allocations.

Editorial Fact-Check & Verification Note: This briefing was curated, corroborated, and synthesized by the CryptoAce VIP Editorial Desk. Readers following "3 countries control 66% of Bitcoin mining, but 1 rival is gaining" are encouraged to review the full primary source coverage linked below for complete historical context, direct quotes, and official statements.

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Source: CryptoSlate.

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#On-Chain Telemetry #Liquidity Analysis #Tokenomics

❓ Frequently Asked Questions (Bitcoin Run Alpha Briefing)

What on-chain catalyst or market signal triggered this Bitcoin Run Alpha movement? ▼

Institutional on-chain telemetry, cold storage accumulation, and derivative funding rates indicate spot liquidity positioning that underpins this Bitcoin Run Alpha development.

How should investors interpret current liquidity pools and network hash activity? ▼

Derivative funding remains balanced and exchange reserves continue trending downward, mitigating systemic liquidation cascades and strengthening the underlying structural floor.

Where are the critical technical support and invalidation levels? ▼

Anchored volume-weighted average price (VWAP) benchmarks and high-density order book clusters near prior consolidation ranges serve as key risk management thresholds.

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