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Daniel Batten 2y ago

New data on Bitcoin mining

Tl;dr version

1. 47.7% of mining now done in US

2. US net emissions from bitcoin are proportionately lower at 39.7% of global bitcoin emission

3. Cambridge model appears to overestimate Bitcoin electricity consumption

4. Bitcoin mining already is highly transparent

Detailed breakdown:

https://batcoinz.com/new-insights-on-bitcoin-mining-and-sustainability/

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Discussion

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Brad Mills 2y ago

The amount of hashpower in USA is both impressive and alarming

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Daniel Batten 2y ago

Mining-wise, US has become what China was in Q1 2021.

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SatScale 2y ago

Predictable if the game is bitcoin- backed dollar.

Engineered energy crises enables parts of energy sector to load up on fiat in order to ape in to bitcoin.

Increased interest rates does the same for banks.

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Osoki 2y ago

What is the reason that BTC hashpower is rising so rapidly in USA lately?