Inside North America's '$8m-a-Month' Bitcoin Mining Operation
In a perfect world where mining difficulty was lower, bitcoin prices were higher and a warehouse full of mining rigs could be run by one man, Dave Carlson, the owner of North America's largest bitcoin mining operation, could be earning $8m a month. However, just like reports of bitcoin's death, reports of Carlson's personal earnings are, unfortunately for him, exaggerated. With the mainstream media continuing to paint bitcoin as a modern-day gold rush, Carlson's rags-to-riches story has been of particular interest, even if it hasn't always been put in the proper context. To be fair,....
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A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years now China has been the most dominant region in terms of bitcoin miners worldwide and at one point 65% to 70% of the network hashrate stemmed from the country. In May 2021, the Bitcoin hashrate is significantly higher nearing 200 exahash per second (EH/s)....
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