The third research meeting of the Japanese Financial Services Agency on cryptocurrency exchanges: 58% of mining pools are in China and 16% in the United States

On May 24, the third research meeting on cryptocurrency exchanges held by the Financial Services Agency of Japan summarized and analyzed cryptocurrencies and related technologies and pointed out that 58% of mining pools are in China and 16% are in the United States, and the location of mining pool operators does not need to be consistent with the location of miners providing computing power.

In addition, the location of cryptocurrency mining equipment is usually chosen based on three factors: in order for miners to be profitable, electricity must be available at a low cost; a high-speed internet connection must be ensured so that data can be quickly received and sent from other nodes on the network; and to ensure the functioning of mining equipment, places with excessively high temperatures must be avoided.