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 an estimate that since May, the market-average, all-in marginal cost of creation, at ¢5/KWh, and 18-month depreciation schedules has increased from approximately $6,500 to approximately $6,800.

This suggests that, at current prices…