⚡Global Hashrate Index⚡

🌐 The concentration of #hash power, or computing speed and power in the network of #Bitcoin varies geographically due to factors such as energy costs, infrastructure availability, and local regulations.

🇺🇸 United States: With over 40% of the global rate, the United States has seen a significant increase in #Bitcoin mining, especially with mining pools like Foundry USA and #MARA .

🇨🇳 China: Despite the ban in 2021, China still holds a large share of the global rate. Chinese miners use virtual private networks (VPNs) and peer-to-peer (P2P) applications to circumvent restrictions.

🇨🇦 Canada: It is also a major mining hub due to its access to cheap and abundant hydroelectric power.

🇷🇺 Russia: The abundance of cheap energy and the cold climate, which helps dissipate the heat generated by mining equipment, make Russia a favorable location.

⚡ Having a Strategic Reserve of #Bitcoin is important, but don't focus on what they promote, as computing power is even more important:

🔸A high hash rate means a more secure and resilient network against attacks. The more distributed the hash power, the harder it is for any entity to control a significant part of the network.

🔸A balanced distribution of hash power ensures that no entity or country has excessive control over the network, maintaining its decentralized nature.

🔸Maintaining a strong and secure network increases user confidence and can positively influence the price.

✍🏻 https://hashrateindex.com