New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
Bitcoin’s energy efficiency has been a concern over the years as mining activities consumed rather massive amounts of electricity. Part of this resulted from the machines miners use, which have a high energy consumption....
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Part of this resulted from the machines miners use, which have a high energy consumption.
According to a new report by Coinmetrics, three Bitcoin mining rig models account for 76% of the Bitcoin network's computing power.
The report also revealed that Bitcoin’s energy efficiency has improved drastically in the past five years. ...
Read More: New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
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This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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