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The Cambridge Centre for Alternative Finance (CCAF) shows China making up 65% of total global hashrate, with the U.S. and Russia back on 7%. While China is still way out in front, its share of the hashrate has dropped roughly 10% since September.
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"This data may validate some market intuitions, drive greater transparency, and help participants in the conduct of their operations," said Apolline Blandin, CCAF's cryptocurrency and blockchain lead, to CoinDesk in an email. "From a research perspective, whether academic or industry research, this data can help better calibrate and adjust the parameters of researchers’ models."
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