How 2021 Became One Of The Most Surprising, Formative Years In Bitcoin Mining
Numerous developments made 2021 an unprecedented year in Bitcoin mining, setting the stage for a monumental 2022.2021 was a major year for Bitcoin mining. The third halving in May 2020 brought broader attention to mining at large, and the growing interest has never subsided. In 2021, favorable economics made mining profitable for almost all participants, drawing in more and more participants. The emergence of flare-gas mining, Elon Musk’s comments about Bitcoin’s ESG footprint, the creation of the Bitcoin Mining Council and a western migration that accelerated as a result of Chinese....
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