Found an interesting article on crypto mining that I thought I’d share with you today. It’s fascinating to see how the world’s effort to mine crypto has shifted even over the last few years.
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Every once in a while, I’ll come across an article I find really interesting.
Today, I found this one.
It’s called “The State of Bitcoin and Ethereum Mining in 10 Charts,” a name that pretty much tells you the whole story.
I’m not going to reproduce all 10 charts for you here, because they worked hard on this article I’m sure.
But I will share one:
It’s fascinating to see how the epicenter of crypto mining has shifted west over the past two years.
Of course, a lot of that has to do with China shutting down crypto mining in their country (although I imagine there’s still some going on there, we just don’t have statistics on it).
That shift happened in spring 2021.
Some of this stuff gets really into the weeds of the super-nerdy crypto stuff, and you don’t necessarily have to dig that deep if it’s not for you.
But I think the chart above paints one picture very clearly:
The age of adoption is a real thing.
I know I keep harping on it, but when you see the center of this sort of thing moving west, to countries like the U.S., Canada, and even Germany, it’s hard to keep pretending crypto is some sort of underground fad that’ll go away in a few years.
The reality is crypto is becoming more mainstream practically every day.
And these charts show that in vivid form.
So check them out if you’re interested.
Next week, I’ll host an event to talk about crypto and one of the most important mistakes you should avoid as a crypto trader!
I’ll send out more info when we’re a little closer.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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