What have you heard about Bitcoin Mining ?

In this report we investigate the geographical 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.

Among our findings is that a large majority of the Bitcoin network is powered by renewable energy – nearly 75%, in fact. In addition, we estimate that the market-average, all-in marginal cost of creation, at ¢5/kWh, 15% additional Cooling, other OPEX on 18-month depreciation schedules, is approximately $5,700.

Foreword by Amanda Fabiano, Fidelity Center for Applied Technology

Risk Disclosure

Cryptoassets are a highly volatile asset class. The value of cryptoassets can go down as well as up and you can lose your entire investment. Cryptoassets may not be covered by the Financial Services Compensation Scheme.