The process of adding transaction records to Bitcoin's public ledger of past transactions or
blockchain is called mining.
time, mining becomes more and more complex and the consumption of electricity increases.
increase in energy costs includes an
increase in costs, which is why, in order to optimize costs, it is advisable to
locate bitcoin farms in countries with cheap energy.
company operates in Georgia and is considered one of the world's largest
crypto-currency miners. As of the data
for 2016, the company accounts for 15% of world bitcoin mining.
largest player in this market is China because of the cheapness of electricity where
the largest bitcoin companies - F2Pool, AntPool, BTCC and BW are operating.
farms are buildings filled with a huge amount of equipment which account for 60% of the world's bitcoin mining.
second place in the world is occupied by the USA - one of the largest bitcoin producers
in the world located in California - 21 Inc.
The company BitFury, founded in Georgia, is one of the world's largest bitcoin
and blockchain companies.
According to the trading platform IQ Option, the rest of the world
accounts for 20% of bitcoin producers.