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Despite initial growth and expansion in the Bitcoin mining industry, companies faced economic and political challenges resulting in a lackluster year-end performance. Specifically, Canada’s market share in the global network hash rate reached a peak of 13% in 2021 but saw a decline to 7-8% by the end of 2022, according to the blog post from January […]
WU Blockchain reported yesterday that the professional mining data organization Hashrate Index has predicted that the current bear market for Bitcoin will come to an end in 2023. It is currently too early for another full-scale bull market to occur. The report also states that the growth of Bitcoin’s hashrate will slow down and that ASICs (application-specific […]
In what is being perceived as another indicator of a deepening crypto bear market, Bitcoin ASIC miners, devices designed solely for mining Bitcoin, are currently selling at bottom-of-the-barrel prices last seen in 2020 and 2021. The most effective ASIC miners, those that produce at least one terahash for every 38 joules of energy, have seen […]
ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace.
An analysis of public Bitcoin mining companies by the Hashrate Index revealed that they owe more than $4 billion. The largest of them has already filed for bankruptcy due to its unmanageable debt load. On December 23rd, the Bitcoin mining analyst published a research report detailing the debt burdens of public miners and outlining who […]
The company will track hashrate values through its own index and will pay out in USD or BTC, enabling non-physical access to the bitcoin mining industry.
The software company has introduced a new version of its Hashrate Index, which provides insights into the bitcoin mining industry.
Bitcoin’s network hashrate has skyrocketed to unprecedented levels as miners regain their full operational capacity. According to the latest report from Hashrate Index, the average hashrate reached a staggering 401 EH/s over 7 days, while the 3-day average surged even further to an incredible 445 EH/s. Global Miners Fuel Explosive Growth In Bitcoin Hashrate This resurgence […]
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