Mining Archives

Following Flows II: Where do Miners Sell?

Miners are frequently blamed for causing dips in the price of Bitcoin. These accusations are often unsubstantiated—worse still, they’re sometimes

February 22, 2021

Dissecting a Bitcoin Bull Market

A pandemic, followed by global societal shutdowns, followed by rampant social unrest, followed by increased political polarization, followed by unprecedented

November 24, 2020

Following Flows: A Look at Miners’ On-Chain Payments

Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies miner holdings

November 3, 2020

Following Flows: A Look at Miners’ On-Chain Payments (Full Length)

Key Takeaways Using a new methodology that looks at addresses one hop out from the coinbase transaction, this report quantifies

November 3, 2020

The Half-Time Show: The State of Bitcoin Network Security After the Halving

Block rewards are currently the primary source of revenue for miners. A reduction in this reward due to the halving

May 19, 2020

Introducing the CMBI Bitcoin Hash Rate Index and ‘Observed Work’

Designing The Tools For Hash Rate Futures: Introducing the CMBI Bitcoin Hash Rate Index and ‘Observed Work’ Key Takeaways

May 5, 2020

The Signal and the Nonce Redux: From S9s to S17s

As Bitcoin enters its next halving, the network is experiencing several simultaneous transitions. In addition to the severe change in

April 14, 2020

Understanding Miner Economics From First Principles

The next halvening is approaching, yet debate about its impact on asset prices remains mired in controversy. Two camps have

April 7, 2020

The Signal and the Nonce: Hunting for ASICs in Nonce Distributions

The Great ASIC Debate. Since the early days of Bitcoin, the community has argued about whether to fight against increasingly powerful mining

October 29, 2019

Tag: Mining