June 22, 2022, 1:40PM EDT
• 12 min read

State of Bitcoin Mining: H1 2022

Quick Take

  • 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.

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