Report: Georgia's Bitcoin mining computing power accounts for nearly 0.71%

According to reports, the Cambridge Bitcoin Electricity Consumption Index (CBECI) shows that Georgia has a hash rate of 0.18%. In contrast, a detailed and long-term report by Arcane Research shows that the hash rate in the region is even higher. Close to 0.71%. The report identified at least 125 megawatts of crypto mining capacity, with 62 megawatts coming from industrial-scale data centers, "with the remaining 63 megawatts supposed to come from many homes, garages, abandoned warehouses, and factories scattered across the country. Small hobby installations." The report concluded that Georgia's actual total hash rate was 0.71% because "100 megawatts of Georgia's 125 megawatts of crypto mining capacity is dedicated to Bitcoin, and Georgia's hardware is The network is just as efficient on average." He also said this is several times higher than the CBECI estimate of 0.18%.