Bitcoin Mining In Canada – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Canada seems to offer many of the advantages for successful bitcoin mining — lots of stranded renewable energy (mostly hydro), a cooler climate (which is easier on equipment) and a lower fiat currency value (more competitive than the U.S. dollar).

But even with China losing more than 20% of its hash rate in recent weeks because of forced regulatory shutdowns, and with the U.S. rate climbing to 17%, the Cambridge Center for Alternative Finance estimates that Canada’s current share of the world’s Bitcoin network is only 3%.

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