Third CryptoSuper 500 List

By Stephen Perrenod on ALTCOIN MAGAZINE

Bitcoin produces 84% of crypto mining value, up from 66%

Over $7 billion annual value produced by top mining pools

Bitcoin as global money

“Money has become information. Bitcoin is energy securely encapsulated as information. Electrons to eternal bits. Money in the Internet, and only in the Internet.” @moneyordebt

One Bitcoin has a value of 165 barrels of oil. Bitcoin is encapsulated energy, transformed through a cryptographic “mining” process into secure, immutable information. This new form of money can be transferred across the globe at a low cost in a matter of minutes.

Actually, it is already around the globe since it resides in thousands of “full nodes” as a widely replicated, decentralized ledger. You don’t move Bitcoin, you just transfer ownership to a new private key holder.

Around three-quarters of Bitcoin is produced from renewable energy sources. The value of one hundred million barrels of oil is being produced per annum as new Bitcoins.

Review of prior two CryptoSuper lists

Cryptocurrency mining is a specialized form of supercomputing. It relies on large clusters of mining rigs…