Как криптозима повлияла на уровень хешрейта и майнинг биткоина – Bits Media

According to the new analytical review of the Luxor mining company, indicators, associated with the prey of bitcoin in 2022 year, demonstrate "coin stability".

Unprofitable mining

2022 The year has become extremely unprofitable for miners of the first cryptocurrency. Remarkably, what a year earlier the market was on an unprecedented rise. At that time, many new players appeared in the industry, which attracted additional finances. This has become a serious catalyst for the growth of bitcoin and most popular altcoins with high capitalization. Of course, The parish of institutional investors played an important role in this. But, Like any other market, After significant growth, correction always follows, and sometimes a decline.

Last year, it turned out to be difficult for mining bitcoin primarily against the background of a descending trend. The bear market led to that, what a hash price ("Hashprice" - an indicator of expected income per day on 1 Tx/s capacities) turned out to be at the very bottom, and many miners suffered losses or completely went bankrupt. Despite this, The overall hashrate grew up on 41%, And mining of the first cryptocurrency brings relative profit even in comparison with the previous three years.

Luxor specialists presented an expanded analytical overview of the mining industry and the cryptocurrency market called Hashrate Index 2022 Bitcoin Mining Year in Review». The report covers all these and many other topics in more detail. But the key aspect, which pays attention to the review - this is the level of hash..

Analysis of network indicators

Although 2022 year and characterized by many challenges for the mining industry: From the lowest hash to a number of loud bankruptcies of individual companies and even a snow storm in the United States, influencing the reduction of the total computing power on the network, The hashReite has grown anyway. And much more, than in 2021 year after the negative news background, related to the prohibition of mining and circulation of digital currency in China.

In general, it is interesting to follow the dynamics of the hash price. The maximum of this indicator was recorded 1 January and amounted to $ 246.86/pH per day. From that moment there was only a decrease. Remarkably, that the lowest hash price of $ 55.94/pH per day was recorded this year. Thus, there is a direct correlation of a decrease in the hash price with a decrease in BTC quotes, But the reduction of the hash price was proportionally higher.

According to the Luxor report, One of the factors, have influenced this, there was an increase in electricity tariffs in the United States. The United States of America still remain BTC mining leaders, In this connection, a change in electricity tariffs in the country may affect the dynamics of the general hash.. Nevertheless, many states did not affect the increase in value, Since they had their own large sources of electricity production. All this led to that, that in some states some players gained an advantage and continued to extract cryptocurrency.

The report also emphasizes, that miners, due to the specifics of their activities, can use different flexible “energy strategies” and even temporarily interrupt the process of Bitcoin mining with relatively moderate negative consequences. Some of these strategies are based on verified regulation of electricity consumption based on market signals. This was clearly demonstrated in Texas, when miners suspended their operations, and, without spending unnecessary electricity, Ultimately earned almost the same amount, as if they continued mining.

In this way, During the current cryptosim, many of those, Who mines cryptocurrency, I clearly demonstrated, that they are able to “survive” even during the fall of the course and long -term decrease in quotations. Moreover, Unlike past cryptosim, Lenders are more willing to make concessions and continue to sponsor industry companies (eg, offer debt restructuring as in the case of Greenidge Generation). All this can be considered as a positive signal for the market and the conviction of a number of investors in the imminent shift of the trend.

The hashrate index also indirectly indicates an increase in costs from miners. According to Luxor, to 2022 consumption cost about $0.05-0.06 kilowatt-hour. But now that's it, which is below the level in $0.075 for kilowatt-hour it looks like a "theft of electricity", Given the current market conditions.

According to MineSpot co-founder Adam Aushev

Since the beginning of January, Contrary to the forecasts of cryptoquartics, There was a rising trend on the market, и крупные майнеры биткоина начали вкладывать еще больше денег, покупая новое оборудование и расширяя предприятия. Этому способствовало падение цен на ASIC-майнеры в течение 2022 of the year. Рекордно высокие цены на оборудование были зафиксированы еще в 2021 year, но по мере снижения котировок падали и цены.

IN 2022 году отдельным крупным игрокам был нанесен серьезный финансовый ущерб на фоне медвежьего тренда. Такие гиганты, как Core Scientific, понесли максимальные убытки. Но пока одни компании банкротились, другие успели нарастить свои вычислительные мощности. Иногда и за счет продаж ASIC на вторичном рынке менее эффективными игроками. В конечном счете события криптозимы особо не сказались на стабильности сети Биткоина. По итогам крупные майнеры увеличили показатель общего хешрейта. Moreover, данный показатель демонстрировал рост на протяжении всего 2022 of the year.

Conclusion

Отчет показывает «устойчивость биткоина» на фоне тех вызовов, с которыми он успел столкнуться в прошлом году. Макроэкономическое давление, природные аномалии и даже высокая волатильность акций некоторых компаний (а в отдельных случаях и их банкротство) так и не смогли воспрепятствовать значительному росту хешрейта сети.

This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of the author, analytical portals and experts.