Statistics report on the creation of Bitcoin and Ethereum in various countries worldwide
The blockchain is increasingly used for cryptocurrency transactions or trading in the virtual currencies. However, cryptocurrencies are finite: Unlike the U.S. dollar or other centralized currencies, where a central bank can essentially turn on a printer and "make" more, Bitcoin and other digital coins have a maximum supply they cannot exceed. As this maximum gets closer, creating - or mining - virtual coins can become increasingly complicated to perform.
This report looks at the process of cryptocurrency mining. This report investigates several aspects on how these digital coins come about and that miners take into consideration when they want to extract them, including electricity costs, which hardware to use, or the so-called mining difficulty. It is a follow-up to the report on Bitcoin (BTC) and the report on several types of cryptocurrencies.
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