Cryptocurrency mining produced increasing revenue over the years, leading to 63 million U.S. dollars on a single day in 2021. Bitcoin mining is an investment, weighing the cost of energy and hardware against the expected returns. Mining pools, or groups of miners, tend to be located in regions where electricity is inexpensive. These miners also follow different virtual currencies, mining the cryptocurrency that they expect will have the highest return.
Most Bitcoin mining occurred in the United States, according to IP addresses from so-called hashers that used certain Bitcoin mining pools in 2021. Likely this is connected to energy prices worldwide: Electricity costs in Germany were over 10 times more expensive than in, for example, China - the country that for a long time was the largest crypto miner until late 2021. Bitcoin requires energy for hashing, or the PC processing power needed to build the blockchain. Simply put, the more hashing occurs, the more Bitcoin is being mined. These figures attempt to show where most of this hashing - and, consequently, Bitcoin mining - occurs. Note that mining figures are different from figures on Bitcoin trading: Africa and Latin America were more interested in buying and selling BTC than some of the world's developed economies.
How much Bitcoin is mined in every country per day?
Due to the cryptocurrency’s design focus on privacy, there is no indicator of how many new coins are created from which location – hence why the figures provided here look at PC processing power, and not Bitcoin themselves. There are figures for the current and maximum supply of Bitcoin, but these do not include the location where the currency was mined. The closest figure would be to look at the hashrate from so-called mining pools – places where miners can dig for Bitcoin – and how much they hashed in the last 24 hours. In 2021, the world's top Bitcoin mining pools all came from China, with five pools being responsible for over half of the cryptocurrency's total hash.
Can Bitcoin mining be profitable? Bitcoin mining could lead to profits for some, but there are several things to consider. Mainly, the maximum supply of Bitcoin is getting closer, so the algorithm requires more and more processing power. This is reflected in the steady growth of BTC mining difficulty – a metric that looks at how much effort miners are putting in to get a Bitcoin. Indeed, mining firms bought so much hardware capable of mining that prices of these mining rigs grew by roughly 10 percent each week in 2021 as supplies worldwide had sold out.
Mining Bitcoin made increasingly more money at the end of 2020, but profit growth seemingly stopped during March 2021. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain. When this process is completed, the miner receives cryptocurrency as a block reward. The underlying development is that machines with more computing power - or hashrate - are likely to solve more puzzles, and therefore mine more cryptocurrencies. Whether a miner can make money with this depends on various costs such as electricity consumption during this process, transaction fees or whether the hardware used is efficient or not.
Cryptocurrency Mining Hardware Market Size 2025-2029
The cryptocurrency mining hardware market size is forecast to increase by USD 19.77 billion at a CAGR of 14.2% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing profitability of cryptocurrency mining ventures and the expanding acceptance of digital currencies by retailers. These factors have led to a in demand for advanced mining hardware, as more individuals and businesses seek to capitalize on the potential profits of cryptocurrency mining. However, market growth is not without challenges. The volatility in the value of cryptocurrencies poses a significant risk to mining operations, as fluctuations in value can impact the profitability of mining activities. Additionally, the energy-intensive nature of cryptocurrency mining raises concerns over its environmental impact and sustainability. Companies seeking to capitalize on market opportunities must navigate these challenges effectively, investing in energy-efficient hardware and implementing risk management strategies to mitigate the impact of cryptocurrency volatility. Overall, the market is poised for continued growth, offering significant opportunities for companies that can innovate and adapt to the evolving market landscape.
What will be the Size of the Cryptocurrency Mining Hardware Market during the forecast period?
Request Free SampleThe market in the US is experiencing significant growth due to the increasing adoption of digital currencies such as Bitcoin, Ethereum, Litecoin, and Ripple. The demand for specialized hardware, including high-performance computers and application-specific integrated circuits (ASICs), is driven by the need for increased processing power to validate transactions on virtual ledgers and secure the decentralized networks. Mining pools and cloud mining services have emerged as popular solutions for individuals and organizations to participate in the mining process without the need for extensive hardware investments. However, concerns over security and energy consumption remain, potentially hindering market expansion. The market's size is expected to grow substantially as internet penetration rates continue to increase and digital currencies gain broader acceptance.
How is this Cryptocurrency Mining Hardware Industry segmented?
The cryptocurrency mining hardware industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductASICGPUOthersApplicationBitcoin miningEthereum miningOthersEnd-userPersonalEnterpriseGeographyNorth AmericaUSCanadaEuropeFranceGermanyThe NetherlandsUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa
By Product Insights
The asic segment is estimated to witness significant growth during the forecast period.Cryptocurrency mining involves the use of specialized hardware, such as application-specific integrated circuit (ASIC) solutions, to process and record transactions on a blockchain. ASICs are designed for specific hash algorithms, making them highly efficient for mining specific cryptocurrencies, such as Bitcoin. For instance, a dedicated ASIC-based Bitcoin mining hardware solution can process hashes 100,000 times faster than a high-end general-purpose processor. However, this customization limits the use of ASICs to specific cryptocurrencies. The ASIC market is dominated by Chinese manufacturers like Bitmain. Power efficiency is a significant consideration in cryptocurrency mining, as the process requires significant computing power and energy consumption. Cloud-based mining services offer a solution to this issue by allowing miners to rent processing power from data centers, reducing the need for expensive hardware and energy costs. Data or information security is a major concern in the cryptocurrency mining industry, as fraud and hacking are prevalent risks. Advanced technology, such as artificial intelligence, is being adopted to enhance security measures. The adoption of blockchain technology, digitization, and the increasing number of internet users are driving the growth of the cryptocurrency mining market. The global regulatory environment is also evolving, with central banks exploring the use of digital currencies and cryptocurrency price volatility impacting mining rewards. Mining pools and peer-to-peer networks facilitate collaboration among miners to increase processing power and improve the chances of mining new blocks and earning rewards. Cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and various crypto assets, are mined using mining rigs and self-mining is also an option. The technological progression of mining hardware and consensus mechanisms, such as proof-of-work and proof-of-stake, continue to evolve, increasing the hash ra
Software to simulate performing a selfish mining attack against certain cryptocurrencies' difficulty algorithms. Allows tweaking parameters of the attack and the difficulty algorithms themselves.
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The Data Mining Tools Market size was valued at USD 1.01 USD billion in 2023 and is projected to reach USD 1.99 USD billion by 2032, exhibiting a CAGR of 10.2 % during the forecast period. The growing adoption of data-driven decision-making and the increasing need for business intelligence are major factors driving market growth. Data mining refers to filtering, sorting, and classifying data from larger datasets to reveal subtle patterns and relationships, which helps enterprises identify and solve complex business problems through data analysis. Data mining software tools and techniques allow organizations to foresee future market trends and make business-critical decisions at crucial times. Data mining is an essential component of data science that employs advanced data analytics to derive insightful information from large volumes of data. Businesses rely heavily on data mining to undertake analytics initiatives in the organizational setup. The analyzed data sourced from data mining is used for varied analytics and business intelligence (BI) applications, which consider real-time data analysis along with some historical pieces of information. Recent developments include: May 2023 – WiMi Hologram Cloud Inc. introduced a new data interaction system developed by combining neural network technology and data mining. Using real-time interaction, the system can offer reliable and safe information transmission., May 2023 – U.S. Data Mining Group, Inc., operating in bitcoin mining site, announced a hosting contract to deploy 150,000 bitcoins in partnership with major companies such as TeslaWatt, Sphere 3D, Marathon Digital, and more. The company is offering industry turn-key solutions for curtailment, accounting, and customer relations., April 2023 – Artificial intelligence and single-cell biotech analytics firm, One Biosciences, launched a single cell data mining algorithm called ‘MAYA’. The algorithm is for cancer patients to detect therapeutic vulnerabilities., May 2022 – Europe-based Solarisbank, a banking-as-a-service provider, announced its partnership with Snowflake to boost its cloud data strategy. Using the advanced cloud infrastructure, the company can enhance data mining efficiency and strengthen its banking position.. Key drivers for this market are: Increasing Focus on Customer Satisfaction to Drive Market Growth. Potential restraints include: Requirement of Skilled Technical Resources Likely to Hamper Market Growth. Notable trends are: Incorporation of Data Mining and Machine Learning Solutions to Propel Market Growth.
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This dataset contains mining hardware characteristics of application specific integrated circuits (ASIC), graphic processing units (GPU) and field programmable gate arrays (FPGA) that are used for mining Bitcoin and Ether. The data has been gathered from different forums, blogs and company websites. The dataset shows the following data: 1. Type of the hardware (ASIC/GPU/FPGA) 2. Release date or date when the information about the hardware was firstly published online 3. URL adresses, from which the data was gathered 4. Manufacturer of the hardware 5. Product name 6. Hashing power in Mh/s 7. Power in W 8. Calculated efficiency in Mh/J Often, multiple links for a specific hardware item are included because one link could not provide all necessary data. Since a release date for some Bitcoin hardware is not clearly stated, the date when the hardware was firstly mentioned in blogs/forums is inserted instead. Therefore the actual release date of the Bitcoin hardware might differ but should not cause an error of more than six months. This inconvenience, however, does not apply to the Ethereum hardware since the GPU’s release dates are well tracked. The efficiencies are calculated by dividing the hashing power by the power demand. With the provided data it is now possible to investigate the past development/improvement of the mining hardware efficiencies and to use it as input data to scenario models.
Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.
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Analysis of ‘Cardano Data’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/amritpal333/cardano-data on 30 September 2021.
--- Dataset description provided by original source is as follows ---
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland.
Official website - https://cardano.org/
Please UPVOTE the dataset, if you find it useful.
--- Original source retains full ownership of the source dataset ---
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This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.
Historical daily stock prices (open, high, low, close, volume)
Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)
Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)
Feature engineering based on financial data and technical indicators
Sentiment analysis data from social media and news articles
Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)
Stock price prediction
Portfolio optimization
Algorithmic trading
Market sentiment analysis
Risk management
Researchers investigating the effectiveness of machine learning in stock market prediction
Analysts developing quantitative trading Buy/Sell strategies
Individuals interested in building their own stock market prediction models
Students learning about machine learning and financial applications
The dataset may include different levels of granularity (e.g., daily, hourly)
Data cleaning and preprocessing are essential before model training
Regular updates are recommended to maintain the accuracy and relevance of the data
The world's top Bitcoin mining pools mainly come from China, with five pools being responsible for more than half of the cryptocurrency's total hash. Hashing refers to the amount of processing power that PCs use to build the blockchain: the more blocks of verified transactions that are processed or "hashed", the more Bitcoin - the reward for this verification process - is being mined. Simply put, the higher the hashrate - or the hash power of the overall network - the more secure it is. In 2020, China was responsible for mining more than half of all the Bitcoins in the world.
ASIC Miner Market Size 2024-2028
The ASIC miner market size is forecast to increase by USD 112 million at a CAGR of 6.1% between 2023 and 2028.
The market is experiencing significant growth due to the increasing profitability of cryptocurrency mining ventures and investments by major semiconductor companies in mining-specific hardware. The volatility In the value of cryptocurrencies adds an element of risk but also presents opportunities for substantial returns. Cryptocurrency mining is no longer limited to high-end PCs and computers; it is now possible to mine digital currencies using smartphones and laptops. However, the energy consumption requirements of ASIC miners have raised concerns, leading to a push towards renewable energy sources to power mining operations. This market analysis report provides a comprehensive study of the trends and challenges shaping the market, offering insights into the future growth prospects of this dynamic industry.
What will be the Size of the ASIC Miner Market During the Forecast Period?
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The market is a dynamic and evolving sector within the broader cryptocurrency landscape. ASICs, or Application-Specific Integrated Circuits, are specialized hardware machines designed for mining various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Dashcoin, among others. These machines offer significant processing power advantages over traditional CPUs and GPUs, making them the go-to choice for efficient and profitable mining. Mining pools, which facilitate collaboration among miners to increase their collective processing power and earning potential, have become increasingly popular In the market.
The market's size and direction are influenced by the ongoing development of more powerful and energy-efficient ASIC mining machines, cooling technologies, and noise reduction techniques. Additionally, the industry is exploring sustainable mining practices and alternative energy sources to minimize environmental impact. The digital currency market, fueled by blockchain technology, continues to evolve, leading to increased demand for specialized mining hardware. Overall, the market continues to grow as blockchain networks, such as Proof of Work (PoW) systems, rely on these machines to secure their networks and validate transactions.
How is this ASIC Miner Industry segmented and which is the largest segment?
The ASIC miner industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Application
Enterprise
Personal
Geography
North America
Canada
US
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
Italy
South America
Middle East and Africa
By Application Insights
The enterprise segment is estimated to witness significant growth during the forecast period. The enterprise sector represents a significant segment of the market, driven by the adoption of specialized hardware for cryptocurrency mining. Enterprise-level mining operations, including large-scale mining farms and mid-sized businesses, utilize ASIC miners to enhance their mining capabilities and profitability. ASIC miners offer superior performance compared to general-purpose hardware like CPUs and GPUs due to their optimization for specific algorithms. This optimization results in increased efficiency and faster processing. Enterprise-level mining requires scalable solutions to manage large volumes of mining activities. ASIC miners provide this scalability, enabling expansion without substantial cost increases. These mining machines, powered by Application-Specific Integrated Circuits (ASICs), are essential for the high-performance processing required by blockchain networks using Proof of Work (PoW) consensus mechanisms.
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The enterprise segment was valued at USD 197.90 million in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is experiencing significant growth due to the region's early adoption of blockchain technology and cryptocurrencies, particularly In the US and Canada. The demand for ASIC miners, specifically GPU-based solutions, is high in this region as both large-scale mining operations and hobbyists utilize them for mining Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, Dashcoin, Monero, and other digital currencies. Major ASIC miner manufa
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Through Telegram API, the authors collected this database over four months ago. These data are Telegram's comments of over eight professional Telegram channels about cryptocurrencies from December 2023 to March 2024. The theory of Behavioral economics shows that the opinions of people, especially experts, can impact the stock market trend (here, cryptocurrencies). Existing databases often cover tweets or Telegram's comments on one or more cryptocurrencies. Also, in these databases, no attention is paid to the user's expertise, and most of the data is extracted using hashtags. Failure to pay attention to the user's expertise causes the irrelevant volume to increase and the neutral polarity considerably. This database has a main table with eight columns. The columns of the main table are explained in the attached document. Researchers can use this dataset in various machine learning tasks, such as sentiment analysis and deep transfer learning with sentiment analysis. Also, this data can be used to check the impact of influencers' opinions on the cryptocurrency market trend. The use of this database is allowed by mentioning the source. Furthermore, we have added Python code to extract Telegram's comments. We used the RoBERTa pre-trained deep neural network and BiGRU deep neural network with an attention layer-based HDRB model(https://ieeexplore.ieee.org/document/10292644) for sentiment analysis.
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The global mining servers sales market size is projected to grow from USD 3.5 billion in 2023 to USD 7.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.2% during the forecast period. This substantial growth is driven by the increasing adoption of cryptocurrencies, advancements in mining technologies, and the rising demand for data processing power.
One of the primary growth factors of the mining servers sales market is the escalating popularity and adoption of cryptocurrencies like Bitcoin, Ethereum, and others. As these digital assets gain wider acceptance as both investment vehicles and payment methods, the need for efficient and high-performance mining equipment has surged. This growing demand for cryptocurrency mining is contributing significantly to the expansion of the mining servers market. Furthermore, continuous advancements in mining hardware technology, including the development of more efficient and powerful ASICs, GPUs, CPUs, and FPGA miners, are propelling market growth by enhancing the profitability and feasibility of mining operations.
Another significant driver of market growth is the expansion of cloud mining services. Cloud mining allows users to participate in the mining process without owning and maintaining physical hardware. This service is gaining traction among individual miners and enterprises due to its convenience and lower upfront investment costs. The growing inclination towards cloud-based solutions in various industries is also reflected in the mining sector, where users prefer the flexibility and scalability of cloud mining services. Consequently, the rising popularity of cloud mining is expected to drive the demand for mining servers, contributing to market growth.
The role of Cryptocurrency Mining Hardware is pivotal in the mining servers sales market. These specialized devices are designed to solve complex mathematical problems required to validate and confirm transactions on the blockchain. As the demand for cryptocurrencies continues to rise, so does the need for more efficient and powerful mining hardware. This hardware not only enhances the speed and efficiency of mining operations but also reduces energy consumption, making mining more profitable. The continuous innovation in mining hardware technology is crucial for miners to stay competitive and maximize their returns. As a result, the market for cryptocurrency mining hardware is expected to grow significantly, driven by advancements in technology and the increasing value of digital currencies.
Moreover, the increasing application of data mining across various sectors is boosting the demand for mining servers. Data mining involves extracting valuable information from large datasets to support decision-making processes in industries such as finance, healthcare, retail, and marketing. The growing importance of big data analytics and the need for powerful computational resources to process and analyze vast amounts of data are driving the demand for high-performance mining servers. As organizations continue to leverage data mining for gaining competitive advantages, the market for mining servers is anticipated to witness substantial growth.
On a regional level, North America is expected to dominate the mining servers sales market due to the early adoption of advanced technologies, presence of major mining companies, and strong infrastructure. The Asia Pacific region, particularly China, is also a significant market player due to the concentration of cryptocurrency mining activities and manufacturing of mining hardware. Europe is anticipated to witness steady growth, driven by increasing investments in data centers and technological advancements. The Latin America and Middle East & Africa regions, although smaller in market share, are expected to exhibit gradual growth due to rising awareness and adoption of cryptocurrency mining and data processing technologies.
At the heart of efficient mining operations is the Mining Machine Chip, a critical component that determines the performance and energy efficiency of mining hardware. These chips are specifically designed to handle the intense computational demands of cryptocurrency mining, providing the necessary processing power to solve complex algorithms. The development of more advanced and efficient mining chips is a key focus for manufacturers, as it directly impac
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The daily frequency data on minimum, maximum, and optimal bitcoin annualized energy consumption from July 7, 2010 to December 4, 2021.
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The global mining machine chip market size was valued at USD 5.6 billion in 2023 and is projected to reach USD 12.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.1% during the forecast period. The accelerating adoption of advanced technologies and the rising demand for cryptocurrency mining are significant drivers for this market's growth. The market is experiencing robust expansion due to the increasing need for high-performance computing in various applications such as AI and machine learning, data centers, and other computationally intensive tasks.
One of the primary growth factors for the mining machine chip market is the surging demand for cryptocurrencies like Bitcoin and Ethereum. The lucrative nature of cryptocurrency mining has led to a rising number of individuals and enterprises investing in high-performance mining hardware. This trend has spurred the demand for specialized mining chips that offer better efficiency and higher hash rates. Moreover, the continued evolution and development of blockchain technology further solidify the need for advanced mining chips, fostering market growth.
Another significant growth factor is the proliferation of artificial intelligence and machine learning applications. These technologies require immense computational power, which drives the demand for high-performance mining chips such as GPUs and ASICs. The need for real-time data processing and analysis in AI applications necessitates the use of specialized hardware capable of handling large datasets efficiently. As AI and ML continue to penetrate various industries, the demand for mining machine chips is expected to soar.
The expansion of data centers is also contributing to the growth of the mining machine chip market. Data centers require advanced chips to manage and process vast amounts of data efficiently. With the exponential growth of cloud computing, big data, and IoT, data centers are increasingly relying on high-performance chips to meet the demands of modern computing. This trend is expected to drive the market further as more businesses and service providers invest in upgrading their data center infrastructure.
The integration of Mining Software has become increasingly crucial in optimizing the performance and efficiency of mining operations. As the demand for high-performance mining chips grows, so does the need for sophisticated software solutions that can manage and control these complex systems. Mining Software plays a vital role in monitoring mining activities, adjusting operational parameters, and ensuring that mining hardware operates at peak efficiency. This software not only enhances the performance of mining chips but also contributes to reducing energy consumption and operational costs. The development of advanced Mining Software is expected to further drive the growth of the mining machine chip market by enabling more efficient and sustainable mining practices.
In terms of regional outlook, Asia Pacific is anticipated to dominate the mining machine chip market during the forecast period. This region is home to some of the world's leading chip manufacturers and has a significant presence of cryptocurrency mining operations. Countries like China, South Korea, and Japan are at the forefront of technological advancements and have substantial investments in mining hardware. North America and Europe are also expected to see significant growth, driven by the adoption of AI and the expansion of data centers.
The mining machine chip market by type is segmented into ASIC, GPU, FPGA, and CPU. ASICs (Application-Specific Integrated Circuits) are designed for a specific purpose, making them highly efficient for cryptocurrency mining. ASICs dominate the mining chip market due to their superior performance and efficiency compared to other chip types. They are specifically tailored for mining particular cryptocurrencies, which makes them exceedingly effective. Companies are continuously innovating to develop more advanced ASICs with higher hash rates and lower power consumption, driving the market's growth.
GPUs (Graphics Processing Units) are another crucial segment in the mining machine chip market. Originally designed for rendering graphics, GPUs have found extensive use in cryptocurrency mining due to their parallel processing capabilities. While not as efficient as ASICs for mining specific cryptocurrencies,
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During my Senior in the Shan Dong University, my tutor give me research direction of University thesis, which is bitcoin transaction data analysis, so I crawled all of bitcoin transaction data from January 2009 to February 2018.I make statistical analysis and quantitative analysis,I hope this data will give you some help, data mining is interesting and helping not only in the skill of data mining but also in our life.
I crawled these data from website https://www.blockchain.com/explorer, each file contains many blocks,the scope of blocks is reflected in the file name,e.g. this file 0-68732.csv is composed of zero block which is also called genesis block until 68732 block.if a block that didn't have input is not in this file. let's see the columns and rows, there has five columns, the Height column represent block height,the Input column represent the input address of this block,the Output column represent the output address of this block,the Sum column represent bitcoin transaction amount corresponding to the Output,the Time column represent the generation time of this block.A block contains many transactions.
The page is part four of all data, others can be found here https://www.kaggle.com/shiheyingzhe/datasets
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Size of Bitcoin mining pools.
The average energy consumption for one single Bitcoin transaction in 2025 could equal several hundreds of thousands of VISA card transactions. This according to a source that tries to estimate the energy consumption of both Bitcoin (BTC) over time. It does so by estimating how much income miners possibly spend on electricity, as there is no institution that tracks how much energy the cryptocurrency actually consumes. This also applies to which countries mine the most Bitcoin, as this is estimated by cross referencing IP addresses. A matter of design: why Bitcoin consumes so much energy Of all the 21 million Bitcoins that can exist at the same time, nearly 90 percent was already mined in mid-2021. This, however, does not necessarily mean that the Bitcoin supply is running out as the last Bitcoin was forecast to be mined around the year 2140. This is a design choice in the cryptocurrency: The closer Bitcoin gets to its supply limits, the computing power – and therefore energy - needed to mine goes up incrementally. The BTC mining difficulty or amount of computing power being applied to mine Bitcoin reflects that: Bitcoin mining in, say, 2014 – when there were less Bitcoin in circulation - was easier and less energy consuming than in 2021. By then, there were significantly more coins in circulation and the cryptocurrency’s design essentially tries to halt the creation of more. China’s doubts on whether Bitcoin is green Over the course of 2021, the price of Bitcoin was over 60,000 U.S. dollars but by the summer only half of that amount remained. This was partially caused by China’s Financial Stability and Development Committee trying to curb domestic crypto mining since May 2021 – which led some to doubt whether there was a future for the cryptocurrency. China’s efforts are said to have been triggered due to remote mining farms demanding so much electricity that idle coal mines were restarted without government approval. Whilst this was never confirmed, China is generally seen as the most coal consuming country in the world.
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During my Senior in the Shan Dong University, my tutor give me research direction of University thesis, which is bitcoin transaction data analysis, so I crawled all of bitcoin transaction data from January 2009 to February 2018.I make statistical analysis and quantitative analysis,I hope this data will give you some help, data mining is interesting and helping not only in the skill of data mining but also in our life.
I crawled these data from website https://www.blockchain.com/explorer, each file contains many blocks,the scope of blocks is reflected in the file name,e.g. this file 0-68732.csv is composed of zero block which is also called genesis block until 68732 block.if a block that didn't have input is not in this file. let's see the columns and rows, there has five columns, the Height column represent block height,the Input column represent the input address of this block,the Output column represent the output address of this block,the Sum column represent bitcoin transaction amount corresponding to the Output,the Time column represent the generation time of this block.A block contains many transactions.
The page is just part two of all data, others can be found here https://www.kaggle.com/shiheyingzhe/datasets
Cryptocurrency mining produced increasing revenue over the years, leading to 63 million U.S. dollars on a single day in 2021. Bitcoin mining is an investment, weighing the cost of energy and hardware against the expected returns. Mining pools, or groups of miners, tend to be located in regions where electricity is inexpensive. These miners also follow different virtual currencies, mining the cryptocurrency that they expect will have the highest return.