State of Bitcoin Mining: H1 2022
Quick Take
- Bitcoin’s hashprice has reached the lowest point since summer 2020 amid recent market tumble.
- Although the network’s hashrate has decreased over the past week, it is still up 11.3% year-to-date.
- Mid-tier ASIC miners launched in 2019 are now struggling to produce meaningful profits at a global average energy rate.
- This piece reviews the bitcoin mining’s landscape over the first half of 2022.
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Author: Wolfie Zhao
