Delta Mike
deltamike@bitcoinveterans.org
npub1gxm5...kj0c
This is the way.
Wealth without wisdom leads to ruin.
Cambridge Digital Mining Industry Report dropped today.
Download the full report:
Summary:
The Cambridge Digital Mining Industry Report provides an in-depth analysis of Bitcoin mining, covering global operations, industry sentiment, and energy use. Here’s a detailed breakdown:
Industry Evolution & Market Dynamics
- Bitcoin mining has transitioned from a hobbyist activity to a billion-dollar industry, with firms deploying state-of-the-art hardware and consuming gigawatts of power
- The industry is experiencing consolidation, with smaller operators struggling to compete due to rising electricity costs
- Energy expenses now account for 80% of total operational costs, making access to low-cost renewable energy a priority for miners
Energy Use & Sustainability
- 52.4% of Bitcoin mining now relies on sustainable energy sources, including 9.8% nuclear and 42.6% renewables like hydropower and wind.
- Natural gas (38.2%) has replaced coal (8.9%) as the dominant energy source, marking a significant shift in the industry’s energy mix
- Bitcoin mining consumes an estimated 138 TWh of electricity annually, about 0.5% of global consumption, with network-wide emissions of 39.8 MtCO₂
Geographical Distribution
- North America dominates Bitcoin mining, with the U.S. accounting for 75.4% of total reported activity, followed by Canada at 7.1%
- Former mining hubs like Kazakhstan have seen declines due to regulatory pressures and rising tariffs
- Verification of energy sources remains inconsistent, complicating efforts to assess and improve the industry’s carbon footprint
Future Outlook
- The industry is expected to see further mergers and acquisitions as firms seek economies of scale and resilience against Bitcoin price volatility
- Some mining firms are diversifying into AI infrastructure hosting, leveraging their expertise in large-scale power procurement and data center management
Cambridge Judge Business School
Cambridge Digital Mining Industry Report: Global Operations, Sentiment, and Energy Use - CCAF publications - Cambridge Judge Business School
This Cambridge Digital Mining report examines crypto mining economics and energy use. Review methods, regional patterns and implications for policy...
#AskNOSTR: Who has the best (logical & sound) anti-Bitcoin argument? Looking for a free article/link/pdf, if possible. Thanks in advance
You can just stay humble. You can just stack sats.
"Know what you own, know why you own it" - Peter Lynch
Bitcoin allows us to take Mr. Lynch's advice even further. It can be summarized by: Know what you hodl, know why you hodl it, and actually hodl it (self-custody).
Unpopular opinion: You can and should help a country fighting a defensive war against an enemy you both share. Bullies respond to nothing less than a punch in the face. Marxist-bred dictators see negotiations as weakness and nothing less than an opportunity to further their own ends. Sure, give Diplomacy a chance but negotiate with them only from a point of strength and with “one in the chamber and pointed at your target”.
Love the interview between @nat brunell and @npub1d3f4...r4xv on her podcast this week. Read #TheBigPrint
Larry & Natalie Nailing it! • Clip by @deltamike • Listen on Fountain
Clipped from Coin Stories • Larry Lepard on Calling Out Central Bankers and How Many More "Big Prints" America Can Survive
In this episode with ...
The Big Print by @npub1d3f4...r4xv.
A great history and dissection of the 2008 GFC and the consequences of the Fed’s ZIRP.
Only 7 pages into the Big Print by @npub1d3f4...r4xv and loving it!
Been looking forward to reading this one for a while now. @Alekandar Svetski
