CoinShares reported growth of the Bitcoin mining network by 90% per year
The Bitcoin mining network has grown by 90% in 2023, raising questions about its environmental sustainability and profitability, especially in terms of its efficient use of energy, analysts at investment firm CoinShares write in a new report. According to their calculations, the average cost of mining 1 BTC after the network halving in April of this year will be $37,856, which could create difficulties for companies with high operating costs.
CoinShares Report
