With effective management software, bitcoin miners can take full advantage of the industry’s unique efficiencies and potential profits.
This is an opinion editorial by Mitch Klee, an analyst at the mining management platform Foreman.
After China banned bitcoin mining in May 2021, nearly 75% of global hash rate was dispersed and relocated to other countries such as Kazakhstan, Russia, the United States and Canada. Since the seemingly-devastating mining ban took hold in the mining hotbed of China almost two years ago, the landscape of Bitcoin mining has dramatically changed. Remarkably, hash rate has continued to grow and currently stands at around 320 exahashes per second (EH/s), with the U.S. alone estimated to account for almost 37% of all hashrate.