The evolution of Bitcoin mining – from start to finish

From at-home mining in 2009 to now, industrial-scale facilities powered by multi-gigawatt capacities globally, Bitcoin mining has evolved into a multi-billion-dollar industry courted by an increasing level of institutional interest.

For hardware manufacturers, mining investors, facility owners, power suppliers, financiers and pool operators, the current landscape is drastically different from what it was a decade ago. And the year 2021 witnessed an unprecedented Bitcoin hash rate exodus away from China.