Cryptomining

The Statista dossier
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Statista Dossier on the creation of Bitcoin and Ethereum in various countries worldwide

The blockchain is increasingly used for cryptocurrency transactions or trading in the virtual currencies. However, cryptocurrencies are finite: Unlike the U.S. dollar or other centralized currencies, where a central bank can essentially turn on a printer and "make" more, Bitcoin and other digital coins have a maximum supply they cannot exceed. As this maximum gets closer, creating - or mining - virtual coins can become increasingly complicated to perform.

This Statista Dossier looks at the process of cryptocurrency mining. This Dossier investigates several aspects on how these digital coins come about and that miners take into consideration when they want to extract them, including electricity costs, which hardware to use, or the so-called mining difficulty. It is a follow-up to the Dossier on Bitcoin (BTC) and the Dossier on several types of cryptocurrencies.

Table of contents

  • 1. Overview
    • Countries that mine the most Bitcoin (BTC) in 2020

    • Market share of 15 Bitcoin (BTC) mining pools on April 14, 2021

    • Cryptocurrency mining revenue as of April 13, 2021

    • Maximum/current supply of cryptocurrencies worldwide as of April 14, 2021

  • 2. Energy consumption
    • Global Bitcoin (BTC, BTH) energy consumption up until April 13, 2021

    • Energy consumption of a Bitcoin (BTC, BTH) and VISA transaction as of April 14, 2021

    • Bitcoin (BTC, BTH) energy consumption relative to selected countries worldwide 2021

    • Global electricity prices by select country September 2020

  • 3. Hardware
    • Weekly prices of cryptocurrency mining rigs worldwide 2019-2021

    • Share of 7-nanometer wafer shipments worldwide 2021, by customer

    • PC GPU shipment share worldwide Q2 2009 - Q4 2020, by vendor

    • Leading global data center markets ranked by cost of construction 2020

  • 4. Mining difficulty
    • Bitcoin (BTC) mining difficulty up until March 19, 2021

    • Dogecoin (DOGE) mining difficulty up until March 28, 2021

    • Ethereum (ETH) mining difficulty up until March 28, 2021

    • Litecoin (LTC) mining difficulty up until March 28, 2021

  • 5. Transaction fees
    • Bitcoin (BTC) average transaction fee from 2012 to March 28, 2021

    • Dogecoin (DOGE) average transaction fee from 2014 to March 28, 2021

    • Ethereum (ETH) gas price history from 2015 to March 27, 2021

    • Litecoin (LTC) average transaction fee from 2013 to March 28, 2021

  • 6. Mining profitability
    • Bitcoin (BTC) mining profitability up until March 28, 2021

    • Dogecoin (DOGE) mining profitability up until April 15, 2021

    • Ethereum (ETH) mining profitability up until April 13, 2021

    • Litecoin (LTC) mining profitability up until March 28, 2021

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