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The evolution of the Bitcoin mining landscape
A short twitter thread on the evolution of the mining landscape in Bitcoin. In the short space of 10 years, we have gone from cypherpunks and GPU’s, to pre-IPO behemoths and ASICs. Will it be sovereigns next?
What you see below, is the distribution of miner rewards in $BTC terms, since the first block was mined.
— Elias Simos (@eliasimos) August 1, 2019
If you squint a little, you can discern 3 distinct developmental phases. Let's call them;
1) the hobbyist era
2) the exploration era
3) the professional era
A short thread pic.twitter.com/Hp5i80AIOe