The countries in the European Union collectively account for 6% of the Bitcoin network’s hashrate while the U.S. has emerged as the world’s number one bitcoin miner, a new report has said. The economic bloc’s bitcoin mining prospects are however being hamstrung by geopolitical tensions and the region’s energy dependence.
The EU’s Bitcoin Mining Prospects
According to the latest Bankless Times report on bitcoin mining, the 28 countries comprising the European Union (EU) collectively account for 6% of the Bitcoin network’s hashrate. On the other hand, Ireland, whose 2023 gross domestic product (GDP) of $115 billion is nearly 160 times less than the European Union’s GDP, accounts for 2% of the Bitcoin network’s hashrate.
Despite having the potential to increase its share of the Bitcoin network’s hashrate, the EU countries lag because they lack the infrastructure required to achieve this. Commenting on this as well as the report’s data, Alice Leetham from Bankless Times
We współpracy z: https://news.bitcoin.com/report-eu-represents-just-6-of-bitcoin-mining-hashrate-us-significantly-leads-china/
