Three Nations Dominate Bitcoin Mining Power

The concentration of Bitcoin (BTC) mining power in just three countries is sparking concerns about decentralization.

According to analyst Lucky, the United States, China, and Russia together account for an estimated 68% of the network's total hashpower.

The imbalance is driven by infrastructure, energy access, and regulatory dynamics rather than coincidence.

Lucky noted that tracking hashpower distribution offers a more honest view of where influence within the BTC network actually sits.