BITCOIN MINING NETWORK UPDATE:

December 2019

The Bitcoin mining industry is notoriously opaque and misconceptions about the network are common, so we strive to separate the facts from fiction.

In this fourth edition of our biannual report we investigate the geographic distribution, composition, efficiency, electricity consumption and electricity sources of the Bitcoin mining network.

We also investigate trends in hashrate, hardware costs, hardware efficiency and marginal creation costs. This is the definitive resource on the Bitcoin mining network.