Hasrat, bitcoin continues to grow, increasing this month to 40 EH/s (eksegesis per second; 1 assages = 1000 peachesa per second). Despite the depreciation, the current Hasrat significantly above last year’s peak (about 13 EH/s). This growth is certainly impressive, but nevertheless creates serious difficulties for miners, because it requires constant reinvestment in equipment to remain competitive in the market and the profitability of mining.
At the end of 2017, Hasrat was equivalent to power about 2 million ASIC miners, which greatly exceeds the rating of Asimov involved in the network even without “alternative” sources Hasrat — ASIC units, such BlockBox from Bitfury. This device uses a patented technology Bitfury c power 8 PH/s (8000 TH/s) on a piece. According to rumors, the price of this device is $1 million, so such devices will not be a mass product. This year Bitfury CEO Valery Vavilov estimated the share of the company in the mining market of 10-12%, many of whom have to install BlockBox. For example, Hut 8 Mining has 33 install BlockBox who are currently working in Canada with a total hasraton about 255,5 PH/s.
The current rapid growth Hasrat was not a surprise: over the past four and a half years, he has tripled combined with the impressive progress the effectiveness of mining equipment. Recent исследованиеBitMEX showed the dominance of China in bitcoin mining, but however very low energy efficiency of this process, which has largely grown around the aluminum industry in the country (factories for the production of aluminium get electricity at 3 cents per 1 kWh, which is two times cheaper than the regular payment for energy in China). The coal energy sector of the country constitutes an important source for mining pools company Bitmain. On the other hand, the study Coinshares stressed that China, apparently, has ceased to be the dominant consumer of electricity in bitcoin mining. The study Coinshares said:
The cheapest electricity in the world mainly are getting on hydroelectric power plants, but mining companies have demonstrated that they can find the cheapest sources of electricity in any area. While much of the industry was limited to China in the last few years, we are now seeing a large number of miners in a much more global scale.
Experts say that a growing share checherita distributed around the world. Cheap electricity for mining can be found in Canada, Norway and other countries with a cooler climate, which reduces spending on cooling equipment.
It is important to remember that to accurately calculate global Hasrat almost impossible; most estimates are based on the anticipated residence time of the unit, complexity of the unit and the actual time spent on finding the new block.