It’s been a rollercoaster year for Bitcoin and Ethereum mining: Here is what the data shows.Read MoreFeedzy
The past year has been a rollercoaster for the two largest and most influential blockchains, Bitcoin and Ethereum.
Bitcoin mining underwent a seismic shift in the late spring of 2021 as China forced miners to shut down. The following migration of hashrate has changed the landscape of bitcoin mining indelibly.
This piece is part of CoinDesk’s Mining Week.
Ethereum, for its part, is in the process of transitioning away from proof-of-work mining altogether, as it prepares for the Merge. Sometime in mid-2022, it will switch to a new proof-of-stake validation process. The effects of this impending change are already being felt by Ethereum miners, especially since the London hard fork of August 2021, which brought in a new fee mechanism.
What follows is a snapshot album of the state of Bitcoin and Ethereum mining at this pivotal time for both blockchains.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
CryptoQuant’s 30-day apparent demand indicator is negative, signaling that buyers aren’t absorbing the available supply…
ASST climbs 133% in three months as Strive grows holdings to 16,500 BTC and explores…
Digital asset investment products shed $1.47 billion in a single week — the second consecutive…
Your day-ahead look for May 26, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The bitcoin price chart is forming a potential lower high while ether languishes in a…
Heavy supply concentration and large options positioning continue to suppress volatility and keep bitcoin range-bound.Read…