June 22, 2022, 1:40PM EDT
• 12 min read
State of Bitcoin Mining: H1 2022
- 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.