The mining industry predicts the rapid growth of the Bitcoin hashrate – Bits Media

The leaders of public mining companies consider, that the growth of the Bitcoin hashrate will depend on the BTC course and infrastructure development.

General Director of the public mining company Bit Digital Samir Tabar (Patience)
reported, that the high speed speed, which is now observing the community, beneficial for bitcoin.

“The more computing capacities serves the network, the safer it will be and the more transactions can process ".

The head of the Aring company Argo Blockchain Peter Wall (Peter Wall) stated, that was not surprised, when the Bitcoin hashrate approached 200 EH/s. He added, that even taking into account recent events, negatively influenced BTC mining, Including political shocks in Kazakhstan, Hashrate every month will continue to grow in 2022 year.

"The margin of production of Argo Blockchain in 2021 year, which is our income deducting our direct costs, It was more 80%. It was a very good year for miners. IN 2020 year, when the price of BTC was much lower, Our margin made up 41%. This year I think, that we will still see high marginality, Despite the recent decline in bitcoin prices and an increase in the speed of hashing ".

The founder of the public cryptocurrency company Core Scientific noted, that the BTC hashrate has already grown in after the mass exodus of miners from China.

“A year ago, Hashrat Bitcoin was approximately 143 Eh / s. After the prohibition of mining in China, he fell to 63 Eh / s. Today, the hashrate has grown up to 198 Eh / s. This gives three important numbers at once. First of all, This is an increase in the hashrate in the blockchain of bitcoin on 130 Eh / s. Secondly, This is an introduction 130 Eh/with the new hosting infrastructure, First of all, New generation equipment deployment. And thirdly, This deployment occurred in geographical regions, who use much more clean energy, than “coal” energy, used in China ".

Core Scientific CEO Michael Levitt (Michael Levitt) stated, that the global BTC hashrate will continue to grow an aggressive pace. However, he noted, that the growth rate will depend on the rate of bitcoin and infrastructure development.

Last year, after the prohibition of mining in China, Hashrat Bitcoin in October reached spring levels. Recently, the Central Bank of Russia called for banning cryptocurrency mining in Russia. He explained this decision with concern for the state of electric networks, ecology and economic development of the country. At the same time, Vladimir Putin noted, that Russia has several advantages in cryptocurrency mining.