Bitcoin

An analysis of the global <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> shows that Asia is leading in Bitcoin mining profitability. The region boasts more than 20 countries where miners can operate profitably, despite market volatility and the upcoming block reward <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>.
Low <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> costs and favorable conditions contribute to attracting <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> to these countries. This strengthens Asia's position as a global mining hub and stimulates further infrastructure development.
Such a concentration of profitable markets in one region may affect the global balance of Bitcoin's network power and requires attention from other regions.

Asia Leads Bitcoin Mining Profitability with Over 20 Profitable Countries

Ultramining_Eng

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