Bitcoin & Crypto Mining in 2022: New Locations, Technologies, and Bigger Players
- North America and Russia will continue seeing their share of Bitcoin mining increase in 2022.
- “There will be both consolidation and new entrants, but there will be more consolidation than new entrants.”
- Compared to 2021, mining regulation will seem a little more moderate and evenhanded in 2022.
2021 has been a stellar year for crypto, which must also mean it’s been a stellar year for miners. And to a large extent, it was, with miners pocketing USD 3bn in revenues from Bitcoin (BTC) mining in the month of April alone.
But while transaction fees paid to BTC miners increased by over 750% year-on-year in the second quarter of the year, it doesn’t tell the whole story when it comes to crypto mining in 2021. It also doesn’t tell the whole story when it comes to mining in 2022.