By Admin 
Crypto Mining: As the world is moving towards the digital age, cryptocurrency mining is emerging as a big industry. United States to lead crypto mining by 2025. The United States, in particular, remains the global leader in Bitcoin mining. This change started after China banned crypto mining in 2021. Because of this, mining companies had to look for a new place and America became the primary destination. In the meantime, let us know where India stands in crypto currency mining.
United States as global mining center
The United States now controls approximately 37-44% of the global Bitcoin hash rate. Along with this, Texas, Georgia and North Dakota provide two big benefits. Cheap electricity and favorable mining regulations. Many mining companies here use renewable energy sources, which makes mining work much more efficient and sustainable.
Despite the ban, China is a big player
Even after the 2021 mining ban, China is still contributing about 20% of global Bitcoin mining capacity. Many mining operations in China now operate underground. At the same time, mining often shifts to areas with abundant hydroelectric power in order to reduce exploration and electricity costs.
remaining major mining areas
Along with this, countries like Kazakhstan and Russia have also emerged as big mining centres. Due to low electricity tariffs, Kazakhstan holds about 12% of the global mining share. Along with this, Russia holds about 10.5% share due to its cold climate and cheap electricity. Along with all this, Canada and Iran are also contributing to the global mining capacity.
India’s position in crypto mining
India ranks very low in terms of mining capacity. Its contribution to the global hash rate is only 0.03%. The main reason for this is regulatory uncertainty. Actually, there is no legal policy to clarify whether mining is allowed here or not. For this reason investors hesitate. Apart from this, the cost of electricity in India is much higher than many other countries. Along with this, let us tell you that even though India is weak in the matter of mining, it ranks first in the world in adopting cryptocurrency.
Also read: How is the TRP of a show decided, how is it known how many people are watching the show?