5 Countries that Mine the Most Bitcoin

3. Kazakhstan

Monthly hashrate share in Jan 22: 13.22%

At one point, Kazakhstan was second among the highest Bitcoin mining countries in the world, which stretched the country’s electricity grid beyond capacity after a surge in demand, with power cuts experienced in different areas of the country. This led to major protests which escalated for various results and resulted in the internet being shut down for a few days, and a crackdown was launched against gray minors, though the country is still contributing disproportionately to Bitcoin mining.