Number of Countries Mining Bitcoin with Government Resources \ stacker news ~charts_and

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Number of Countries Mining Bitcoin with Government Resources

855 sats \ 18 comments \ @k00b 1 Jan charts_and_numbers

source: VanEck ... but I couldn't find the source of the source.

232 sats \ 6 replies \ @Solomonsatoshi 1 Jan

'Argentina, Ethiopia and the United Arab Emirates — are leveraging state-owned resources to mine Bitcoin.'

'In mid-October, during the BRICS Business Forum in Moscow, the Russian Direct Investment Fund (RDIF) partnered with domestic data center operator BitRiver to construct Bitcoin mining and AI computing facilities for BRICS nations.'

https://www.themoscowtimes.com/2024/11/08/russia-to-mine-bitcoin-in-brics-countries-a86952

El Salvador, Bhutan, Russia, Argentina, Ethiopia, UAE=6

https://www.datacenterdynamics.com/en/news/ukraine-plans-huge-cryptocurrency-mining-data-centers-next-nuclear-power-plants/

Plus probably Ukraine =7

Plus Oman (see below) =8

https://bitcoinist.com/6th-country-joins-elite-bitcoin-mining-circle/

'Following El Salvador, the Kingdom of Bhutan, Russia, the United Arab Emirates, and Oman have also officially ventured into official BTC mining'

18 sats \ 0 replies \ @gmd 1 Jan

Grok suggests China: El Salvador, Bhutan, Argentina, UAE (United Arab Emirates), Ethiopia, Russia, Oman, China "although its official stance is against mining, there are reports of covert operations"

7 sats \ 4 replies \ @030e0dca83 1 Jan

Ukrainian parliament big brains decided in 2021 "Bitcoin is to complicated" to balance power grid. At the moment we don't have enough electricity for daily use. That's why I'm not sure Ukraine is in this list

9 sats \ 1 reply \ @Heisenbergbitcoin 1 Jan

But from the news I read it seems Ukraine will soon legalize Bitcoin in 2025

Ref link: https://crypto.news/ukraine-to-legalize-crypto-in-early-2025-with-no-tax-exemptions-planned/

7 sats \ 0 replies \ @030e0dca83 1 Jan

They posted it yearly and declined it yearly. However after Trump resolution about Bitcoin and crypto, especially after his winning the election our country maybe legalize Bitcoin too

8 sats \ 1 reply \ @Solomonsatoshi 1 Jan

Yes that sounds right - Russians have hit a lot of generation. Hoping Ukraine can have peace soon and return to a more productive situation.

7 sats \ 0 replies \ @030e0dca83 1 Jan

Thanks for supporting We all are waiting for the peace

20 sats \ 0 replies \ @Aardvark 1 Jan

From a newcomers perspective, its been crazy to watch what's been happening even over the past 6 months.

20 sats \ 0 replies \ @OriginalSize 1 Jan

I did not expect this hockey stick. Excellent share!

16 sats \ 0 replies \ @Coinsreporter 1 Jan

With this growth rate, we're gonna see at least 70 countries mining Bitcoin in the next 10 years.

48 sats \ 1 reply \ @OT 1 Jan

Who are they? I have only heard of El Salvador and Bhutan mining.

33 sats \ 0 replies \ @k00b OP 1 Jan

I looked. I couldn’t find it.

15 sats \ 0 replies \ @LowK3y19 1 Jan

Slowly but surely going up

15 sats \ 2 replies \ @Shugard 1 Jan

Which countries are that?

0 sats \ 1 reply \ @k00b OP 1 Jan

I looked. I couldn’t find it.

0 sats \ 0 replies \ @Coinsreporter 1 Jan

deleted by author

0 sats \ 0 replies \ @Solomonsatoshi 1 Jan

Paraguay could be one too.

0 sats \ 0 replies \ @Miranda 1 Jan

excellent and let's go for more in this 2025, so it must be, that it increases considerably, BTC must rise as that digital treasure that must be mined. Thanks for sharing.