CCAF Map Identifies Locations of Bitcoin Miners via IP Addresses

CCAF Map Identifies Locations of Bitcoin Miners via IP Addresses

Cambridge Center for Alternative Finance (CCAF) has published an interactive map showing where the world’s king coin Bitcoin (BTC) is mined.

According to the Daily Hold website, the map monitors the average monthly hash rate of Bitcoin (BTC) by country through using the IP addresses of miners who shared their data.

The hash rate is a parameter reflecting the amount of calculations a certain network can perform per second.

The miners who agreed to share their data dominate 37 percent of the cryptocurrency’s hash rate during the period from September of 2019 to April 2020.

The center indicates that, through using the IP addresses, researchers can identify the place of miners and how the mining process is distributed across the globe.

However, the center urges the need for more data to draw a complete picture of where the Bitcoin is being mined.

“This sample may not be fully representative for the following two reasons: first, it represents only a little more than a third of the total hash rate; and second, the data is provided by three Bitcoin mining pools that are all headquartered in China.”

Weiss: Bitcoin Maintains Leadership

Cryptolydian earlier reported that the rating agency Weiss Ratings has updated its rankings, with the Bitcoin (BTC), the biggest cryptocurrency by market cap, maintaining its leadership. It was followed by Ethereum (ETH), and then IOTA, Crypto News Flash website reported.

With a “B” rating, IOTA came after BTC and ETH as both got a “B+.” The ranking in the “technology and adaptation” grade is positive for IOTA with a “B+”. However, Ripple (XRP) and IOTA only received a “D-” rating for “market performance”.

Tezos and Cardano are still taking the leadership in the technology category, followed by Cosmos, Fantom and Ethereum. However, IOTA is not among the top five cryptocurrencies.

IOTA flew under the Weiss’ radar for a long time. This changed in early April 2019 after the agency contacted the foundation, and thus Weiss reversed its appraisal entirely and released a statement equating IOTA team’s commitment and work to Cardano.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.