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BTC

Bitcoin’s Poisson Paradox

Bitcoin's Poisson paradox refers to the fact that many people wait longer than 10 minutes for a confirmation of their BTC transaction, even though...

Bitcoin and Renewables, A Miner’s Observations

Bitcoin and renewables cannot save us from climate change, but they can help. It is capitalism and the need for continued economic growth that...

Bitcoin Mining Manufacturers Update, 2022

Bitcoin mining rig manufacturers are releasing next generation gear which is up to 29% more efficient than previous models. For the past two years,...

Are Bitcoin Miner Prices Dropping?

Bitcoin miner prices appear to finally be dropping. Last week we saw Chinese resellers release used Antminer S19 95 terahash (TH) for around $5,000...

Bitcoin Miner Survey 2022: Location, $/kWh, and BTC Price

A recent bitcoin miner survey asked where people mine, what they pay for power, and what their BTC and BCH price predictions are for...

Bitcoin’s Hash Rate, 2021 Reviewed

In this article we review the changes to Bitcoin’s hash rate in 2021. We look at miner difficulty, earnings, and ASIC prices over the...

BTC Hash Rate Gains in 2022

We estimate that BTC hash rate gains in 2022 will lead to a network size between 225 - 270 EH/s. This is based on...

How Much Power does it take to Mine a Bitcoin?

How much power does it take to mine a bitcoin? In this assessment we find that an average of 143,000 kWh of energy is...

BTC Miner Earnings: Sats versus USD Per Terahash

Most bitcoin miners gauge their profitability by the daily earnings per terahash (TH) in United States dollar (USD). For example, today's BTC miner earnings...

BTC Price Follows Hash Rate? No, not Necessarily.

Bitcoin's price correlates with its hash rate under certain circumstances, but not as a rule. Thus, we don't subscribe to the the price follows...

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