Trending...
- Resident Inspect Joins Property Meld Nexus Network with API Integration
- Spokane: SPD Air Support Unit Continues to be a Vital Tool for the Department
- RAS AP Consulting Advances to RFP Stage in Heidelberg Materials' SAP Vendor & Customer Master Data Modernization Initiative
The Eleventh Edition of the CryptoSuper500 Report Shows Bitcoin's annual economic value (AEV) at $11.2B
MENLO PARK, Calif. - Washingtoner -- OrionX Research today released the eleventh edition of its CryptoSuper500 list, marking its fifth anniversary. The list recognizes cryptocurrency mining as a form of supercomputing application, tracks the top mining companies and pools, and offers a snapshot of the cryptocurrency industry. The CryptoSuper500 was developed by Dr. Stephen Perrenod, OrionX Partner and noted crypto analyst who has also created a top-ranking Bitcoin evaluation model and elucidated the concept of the "blockchain calendar".
"The computational resources that create and maintain Bitcoin execute a Reusable Proof of Work (POW) security protocol and comprise a decentralized supercomputer with millions of specialized ASICs that perform about 500 Exahashes/second of secure protocol calculations, that is, half a Zettahash/second," said Perrenod, OrionX Partner and Analyst. "The top 12 publicly traded Bitcoin mining companies have a collective market cap of over $8 billion and hold over $1 billion in Bitcoin in their corporate treasuries. They have roughly 100 Exahashes/sec of hash rate and they mine 20% of the 900 Bitcoins mined on an average day, primarily in North America."
More on Washingtoner
As with traditional supercomputers, energy efficiency is an important parameter for Bitcoin mining. Over the past four years the energy usage of Bitcoin has roughly doubled, but the energy efficiency of mining hardware has improved by well over a factor of two. Whereas most electricity is used for consumption, Bitcoin produces permanently reusable value.
Among the dozens of proof of work coins in existence, only Bitcoin and Dogecoin exceed 100 million dollars of annual production. Bitcoin's annual production rate (annual economic value) is currently $11.2 billion, while Dogecoin's is just $0.4 billion.
The first CryptoSuper 500 report was released five years ago in November 2018. Since that time there has been consolidation from six POW coins down to just two, Bitcoin and Dogecoin, that now pass the hurdle for the list. The Bitcoin market capitalization has compounded at 43% per annum over the interval and the global hash rate at 56% per annum. Both have risen faster than Moore's Law.
The annual production of top cryptocurrencies has grown more modestly, at 16% compounded per annum. The more modest rate of increase is a result of Ethereum switching to proof of stake and dropping out of the crypto super POW race in September 2022.
More on Washingtoner
The report also discusses central bank digital currencies (CBDCs). China was the first major country to implement such a currency. Having completed its investigation phase, it appears that the European Central Bank is committed to a CBDC, with a preparation phase starting earlier this month.
About OrionX
OrionX is a Silicon Valley consulting firm offering Technology Research, Market Execution, and Customer Engagement services to high tech companies. More than 70 financial institutions and technology leaders in virtually every technology segment have trusted OrionX to provide advice, help set new break-away strategies, ignite brands, and grow market share. Visit us at OrionX.net.
* Note: This effort is an analysis of the technologies and trends surrounding blockchain and cryptocurrencies. It is not, and must not be considered as, financial, investment, or legal advice.
"The computational resources that create and maintain Bitcoin execute a Reusable Proof of Work (POW) security protocol and comprise a decentralized supercomputer with millions of specialized ASICs that perform about 500 Exahashes/second of secure protocol calculations, that is, half a Zettahash/second," said Perrenod, OrionX Partner and Analyst. "The top 12 publicly traded Bitcoin mining companies have a collective market cap of over $8 billion and hold over $1 billion in Bitcoin in their corporate treasuries. They have roughly 100 Exahashes/sec of hash rate and they mine 20% of the 900 Bitcoins mined on an average day, primarily in North America."
More on Washingtoner
- American Mensa and Davidson Institute Join Forces To Strengthen Support for Profoundly Gifted Youth
- SpeedyIndex Rolls Out Automated API for Mass URL Verification, Solving the Backlink Blind Spot for SEO Agencies
- Michigan Attorney General Closed FGM Licensing Investigations Months Before Federal Case Ended, Records Show
- Mensa Foundation Event Reframes Brain Health for Every Age
- DLT Resolution, Inc. (Stock Symbol: DLTI) Expands Into the $224 Billion Life Settlements Market While Accelerating Telecom Growth Across Canada
As with traditional supercomputers, energy efficiency is an important parameter for Bitcoin mining. Over the past four years the energy usage of Bitcoin has roughly doubled, but the energy efficiency of mining hardware has improved by well over a factor of two. Whereas most electricity is used for consumption, Bitcoin produces permanently reusable value.
Among the dozens of proof of work coins in existence, only Bitcoin and Dogecoin exceed 100 million dollars of annual production. Bitcoin's annual production rate (annual economic value) is currently $11.2 billion, while Dogecoin's is just $0.4 billion.
The first CryptoSuper 500 report was released five years ago in November 2018. Since that time there has been consolidation from six POW coins down to just two, Bitcoin and Dogecoin, that now pass the hurdle for the list. The Bitcoin market capitalization has compounded at 43% per annum over the interval and the global hash rate at 56% per annum. Both have risen faster than Moore's Law.
The annual production of top cryptocurrencies has grown more modestly, at 16% compounded per annum. The more modest rate of increase is a result of Ethereum switching to proof of stake and dropping out of the crypto super POW race in September 2022.
More on Washingtoner
- Ashley Wineland's 'Love + Heartbreak' Tour Brings her Emotional and Empowering Album 'Wineland' to Nationwide Audiences
- Tacoma City Council Restricts Unauthorized Use of Public Property for Civil Immigration Enforcement
- Spokane Police investigate shooting in north Spokane and make an arrest
- People & Stories/Gente y Cuentos Welcomes Two New Trustees as Organization Enters 54th Year and Expands Community Reach
- Tacoma: City Manager Hyun Kim Details 'Roadmap to Recovery' Addressing the City's General Fund Deficit and Modernizing City Operations
The report also discusses central bank digital currencies (CBDCs). China was the first major country to implement such a currency. Having completed its investigation phase, it appears that the European Central Bank is committed to a CBDC, with a preparation phase starting earlier this month.
About OrionX
OrionX is a Silicon Valley consulting firm offering Technology Research, Market Execution, and Customer Engagement services to high tech companies. More than 70 financial institutions and technology leaders in virtually every technology segment have trusted OrionX to provide advice, help set new break-away strategies, ignite brands, and grow market share. Visit us at OrionX.net.
* Note: This effort is an analysis of the technologies and trends surrounding blockchain and cryptocurrencies. It is not, and must not be considered as, financial, investment, or legal advice.
Source: OrionX.net
0 Comments
Latest on Washingtoner
- Tacoma: City Manager Hyun Kim to Present 'Roadmap to Recovery' on May 12
- Tacoma: Applicants Sought for the Local Employment and Apprenticeship Training Program (LEAP) Advisory Committee
- Applicants Sought for the Tacoma Creates Advisory Board
- Tacoma: Homicide Arrest– 1100 block of S J St
- Slotozilla Expands Bonus Portfolio and Affiliate Reach Following iGB Barcelona 2026
- XMax Inc. (N A S D A Q) Accelerates AI Expansion With $4.8 Million Contracted Revenue, $30+ Million Enterprise Pipeline and Strategic SpaceX Exposure
- Lnk.Bio Becomes the First Link-in-Bio Service Fully Manageable from Inside ChatGPT
- Did Drake Just Find His Next Signee? Peoria Rapper Rhymi Gifts "ICEMANDRAKE" Domains, Drops Debut Album Same Day
- Andrew Tate Says Los Angeles Is "Where I Belong" as He Hints at USA Move
- RAS AP Consulting Advances to RFP Stage in Heidelberg Materials' SAP Vendor & Customer Master Data Modernization Initiative
- Expert E-Bike Safety Advocate Issues Urgent Warning Following Recent Southern California Fatalities
- VeneerVibe Releases 2026 Snap-On Veneers Market Report
- David Cavanagh Launches AI SEO Company For ChatGPT And AI Search Visibility
- Matthew Cossolotto Spotlights Make a Promise Day 2026 Events, Including Official Launch of Harness Your PromisePower and Issuing a "Peace Promise"
- Spokane Police are investigating a collision on West Airport Drive
- Landmark Expands Services to Include Specialized Glass and Glazing Solutions Across Los Angeles
- As Pentagon Releases Ufo Files, Debut Ya Novel Predicted It All
- RAATV Premieres Original Reality Series "The Access Index: Jackson" June, 19
- Connecticut Resident Develops Patent-Pending Concept Exploring a New Approach to GPS Navigation
- JP Events Azerbaijan to Host 2nd Women in Motorsport Event During the Azerbaijan Grand Prix Week

