Bitcoins have become an integral part of the stock market and they are linked to companies that can act as miners. The hash network distribution, the primary measure of a Bitcoin miner’s performance, is concentrated in China as most mining companies are located in the Asian country.
As well as for quoted shares on the stock market, even behind bitcoin there are companies, which are also called ‘mining companies’.
Mining companies operate as real mines, ie they produce bitcoins through specialized hardware by increasing their total number in the world.
Over the years bitcoin companies have tripled even if only a few can be defined as real mining companies. The popularity of a mining company is calculated by its hash ability.
Hash rate is the unit of measurement of the Bitcoin network processing power (10 hash per second is equals to one trillion of calculations per second).
Currently bitcoin mining is in the hands of about 15 companies that support most of the hash network power. Some of these companies are based in the same country as the birth and development of the main “pools” has taken place and occur in those countries where there are renewable energy sources or which have relatively low electricity costs.
Best Mining Companies
Companies that hold the largest percentage of bitcoin production rely on the fingers of one hand: BTC.TOP, AntPool, F2Pool, BTC.com, BTCC.
BTC.TOP is a private pool and cannot be joined. It currently controls 17% of the network.
AntPool is a large Chinese mining pool and it is rum by Bitmain. It is also one of the largest cloud miner in the world with about 15% of hash capacity.
F2Pool is another large Chinese mining company and it is called also DiscusFish due to its logo. Someone says that the pool owns no hardware itself; 100% of its hash power comes from users.
BTCC is China’s third largest Bitcoin company and it is one of the biggest players despite the launching only at the end of 2014. BTCC is not only for Bitcoin but it offers also other currency solutions.
BTC.com is a medium-sized company and it was born when on July the 13th, 2016, Bitmain acquired Blocktrail and it was successively re-branded to BTC.com. It is located in China,and its hash capacity is about 10%.
Top Bitcoin Mining Countries
China, thanks to the good market price of electricity, is the country with the highest percentage of bitcoin extraction. In China we find companies like BTC, AntPool, F2Pool, and BW. China occupies about the 70% of the bitcoin business turnover.
Georgia is in second place thanks to BitFury, one of the largest hardware vendors to mince bitcoin. BitFury only produces about 15% of the total bitcoin.
In third place we find Sweden thanks to KnCMiner based in Stockholm which mines about 7,5% of all bitcoins.
Finally, we find the United States with 21Inc company based in California which mines only 3% of the total amount of bitcoin.
We have only talked about mining companies but many companies do not mine. These companies are nevertheless responsible for the creation of new bitcoins and they are an integral part of the system.