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
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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 December 19, 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 December 19, 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: December 19, 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 December 19, 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/
