In 2019 and 2021, the Western-Chinese provinces of Sichuan and Xinjiang accounted for over half of the country's monthly average hash rate. Both provinces produce large quantities of renewable energy, Sichuan is home to many hydro-power stations, and Xinjiang has large solar farms, which also explains the seasonal variations in mining activities. Because mining Bitcoin is very energy intensive, miners relocate their operation according to the availability and price of energy.
Breakdown of the domestic monthly average hashrate in China from September 2019 to July 2021, by province
Characteristic
Sichuan
Xinjiang
Yunnan
Inner Mongolia
Other
Gansu
Beijing
Shanxi
Qinghai
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Cambridge Centre for Alternative Finance. (February 21, 2023). Breakdown of the domestic monthly average hashrate in China from September 2019 to July 2021, by province [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1367998/china-share-of-the-domestic-average-monthly-hashrate-by-province/
Cambridge Centre for Alternative Finance. "Breakdown of the domestic monthly average hashrate in China from September 2019 to July 2021, by province." Chart. February 21, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1367998/china-share-of-the-domestic-average-monthly-hashrate-by-province/
Cambridge Centre for Alternative Finance. (2023). Breakdown of the domestic monthly average hashrate in China from September 2019 to July 2021, by province. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1367998/china-share-of-the-domestic-average-monthly-hashrate-by-province/
Cambridge Centre for Alternative Finance. "Breakdown of The Domestic Monthly Average Hashrate in China from September 2019 to July 2021, by Province." Statista, Statista Inc., 21 Feb 2023, https://www.statista.com/statistics/1367998/china-share-of-the-domestic-average-monthly-hashrate-by-province/
Cambridge Centre for Alternative Finance, Breakdown of the domestic monthly average hashrate in China from September 2019 to July 2021, by province Statista, https://www.statista.com/statistics/1367998/china-share-of-the-domestic-average-monthly-hashrate-by-province/ (last visited July 22, 2024)
Breakdown of the domestic monthly average hashrate in China from September 2019 to July 2021, by province [Graph], Cambridge Centre for Alternative Finance, February 21, 2023. [Online]. Available: https://www.statista.com/statistics/1367998/china-share-of-the-domestic-average-monthly-hashrate-by-province/