TD₿: 8 Trends That Will Shape Bitcoin Mining in 2022 by Aoyan Ashraf and Eliza Gkritsi
TL;DR Bitcoin mining experts widely believe hashrate will double and M&A activity will accelerate in 2022.
Hey Bitcoiners,
This week I came across some news that public Bitcoin miner, Marathon, has increased its production by 816% YoY. That’s some impressive growth.
Not only that, but Marathon plans on adding a huge amount of hashrate capacity this year as tens of thousands of machines the company ordered last year begin to arrive.
The maturation and growth of the Bitcoin mining industry have been astounding to observe over the last several years.
In the last year alone, we’ve seen multiple mining companies go public, major chip manufacturers like Intel announce plans to offer Bitcoin mining chips, and the hashrate itself become more decentralized after the Chinese mining ban.
This recent news reminds me of this great survey done around the new year asking mining experts what their 2022 predictions were for the industry (12/15/2021).
Bitcoin miners make up the security of the entire Bitcoin ecosystem, so to see them prospering in 2022 is a sight to behold.
Tick tock next block,
Cory Klippsten
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