Review of the Bitcoin Mining Council’s Latest Report — Part 1

Q4 2021: Comparative Power Consumption data

Image: Cover of the latest Bitcoin Mining Council Report Q4 2021

In June 2021 a group of heavy hitters in the Bitcoin industry, including Michael Saylor and CEOs of large mining companies, formed The Bitcoin Mining Council, or BMC for short.

It was created — at least in part — thanks to Elon Musk’s famous “we’re now accepting…

--

--

--

Cryptocurrency opinion, discussion and passion from ordinary people who use, trade, mine, write books or speak about all types of cryptocurrency on a daily basis.

Recommended from Medium

In the Current System, Money Can’t Be Time Anymore — Bitcoin Fixes This. Bitcoin Is Time.

EARN FREE BITCO

2020: Bitcoin rocketed itself back to stardom: how far can it go?

Pundi X INSIDER: 2021 in Review

How web3 will enable a new wave of creativity

Interview with Contractland — January 2019

Could It Be About Much More Than NFT’s

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jason Deane

Jason Deane

I blog on things I am passionate about: Bitcoin, writing, money, life’s crazy turns and being a dad. Lover of learning, family and cheese. (jasondeane@msn.com)

More from Medium

How to Lose Half of Your Money in Less Than 5 Years

Dispelling the Fear, Uncertainty & Doubt (FUD) Around Bitcoin

Bitcoin Fixes This

Why We Should Be Scared of Central Bank Digital Currencies