<ul><li>Chinese mining pools control 55% of the Bitcoin (BTC) network hashrate, while US mining pools control 40%.</li><li>The claim misses the point that Chinese mining pools include miners from all around the globe, including the United States.</li><li>Two US-based mining pools, MARA Pool and the USA Foundry Pool, mined 33.6% of all blocks in August 2024.</li><li>The hashrate from these US pools doesn't reflect US-based miners that have joined pools in different countries.</li></ul>

The key misunderstanding with China's purported BTC hashrate dominance

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