Spatial analysis of global Bitcoin mining

The validation of Bitcoin transactions is enabled by its proof-of-work (PoW) consensus mechanism1. Bitcoin miners perform scanning for hash value to compete for obtaining the right of recording the block of transactions, and the successful creator of each block is rewarded by a certain amount of bitcoins. This process is called ‘Bitcoin mining’2,3. At the very beginning, mining activity was only supported by a few participants equipped with regular computers4. The surge of Bitcoin price…
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