66% of the world ‘s Bitcoin hashrate, according to CoinShares, is controlled by miners from China. Other major cryptocurrency mining centers are the United States, Canada, Iceland and Russia (Siberia).

Map of world mining centers

Generally, the main aspects of selecting a region to open a mining center are the cheapness of electricity and low temperatures, as they help save on equipment to remove heat generated by miners.

The legislative regulation of the industry plays an important role. For example, the non-taxation of mining or the provision of preferential electricity tariffs contributes to the attraction of capital and the development of private and industrial mining in the country. However, the ban on the import of mining equipment and the need for mandatory state registration of miners create barriers to this type of activity.

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