Bitcoin Mining's 2021, Solo Mining and Kazakh Chaos

Published: Sat, 01/15/22

January 15, 2022
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Market Overview

Data as of 21:00 UTC January 14, 2022

Bitcoin mining’s breakout year

A raging Bitcoin bull market, authoritarian crackdown on Bitcoin mining in China and flight to North America flipped the global hashrate economy on its head in 2021. Read a summary of Galaxy Digital's 2021 year-in-review by the authors here.

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How two miners gambled their way into a $250,000 payday

This past week, two separate Bitcoin miners pulled off the improbable, if not impossible: mining a solo block.

The odds to win the Powerball are one in 292 million, while the probability of winning a solo block for each miner is one in 1.4 million. So how’d it happen?

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Ethereum Mining's Year In Six Charts

In revenue terms, Ethereum miners beat out Bitcoin miners eight of 12 months.

Catch up on the second largest Proof-of-Work industry's year-that-was.

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Kazakh Bitcoin miners power off as energy crisis deepens

The world's second largest producer of hashrate briefly went dark as political chaos outseted Kazakhstan's government.

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Three metrics that defined Bitcoin mining’s Q4

Price might be falling, but miners are still plugging in. That’s the takeaway from Bitcoin mining’s fourth quarter as the residual effects from the China hashrate migration continue to ripple out among the industry.

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