The evolution of Bitcoin mining – from start to finish
Quick Take
- In our first of many research pieces on crypto mining, we look at the evolution of the ecosystem over the past decade.
- Since the Bitcoin ASIC mining era in 2013, manufacturers have managed to improve miner efficiency by 100 times.
- Mining farms have transformed from small facilities to publicly-listed companies with hundreds of megawatts in their production pipelines.
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Author: Wolfie Zhao
