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Elias Simos 4/25/20 Elias Simos 4/25/20

PoW mining: the role of producers in Bitcoin’s market structure

Presentation from the Greek Cryptocurrency community meetup on the 25th of April 2020.

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Elias Simos 9/10/19 Elias Simos 9/10/19

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.

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
— Elias Simos (@eliasimos) August 1, 2019

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