Lessons from a Decade of Bitcoin Mining – Bitcoin Magazine

JThis is an opinion piece by Marco Streng, CEO of Genesis Digital Assets, one of the largest industrial-scale bitcoin mining companies in the world.

We can put hard numbers behind the growth of the cryptocurrency mining industry – a current market size of $2.29 billion, a CAGR of 28.5%, expected to reach $5.29 billion. ‘by the end of 2028 – but the real growth in mining comes from lessons learned over the years and implementing those lessons to become more profitable and sustainable.

I started bitcoin mining in my dorm in 2012 and started industrial scale bitcoin mining in 2013, just a few years after bitcoin was founded in 2009. Since then our operations have expanded to include data centers around the world and mined billions of dollars. . Mining might have been a fun hobby back then, but scaling an industrial-scale mining operation is a very different experience – one that requires focus, tact and the ability to learn from your mistakes.

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