Menu
Washingtoner
  • Home
  • Health
  • Business
  • Music
  • Construction
  • Financial
  • Books
  • Technology
  • Artificial Intelligence
Washingtoner

Bitcoin Mining Approaches its Zettahash Era
Washingtoner/10239207

Trending...
  • Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 166
  • Tacoma Voters Approve Connect Tacoma: Safe Streets and Sidewalks Levy (Proposition 1)
  • City of Spokane Staff on Hand at Disaster Assistance Center
Orionx Net Technology Marketing Policy Orionx Logo Notag 600x600
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
  • Crossroads4Hope Marks 25 Years Ensuring No One Faces Cancer Alone At its Inspiring Hope Gala
  • Q1 2026 Arizona Technology Industry Impact Report Recaps Advanced Manufacturing Growth, High-Value Jobs and Workforce Investment
  • Spokane Police Respond to Midday Shooting on STA Bus
  • Sparta Services' Dave Galy Named to CRN's 2026 Next-Gen Solution Provider Leaders List
  • Former Prosecutor Opens Stegall Law in Summerville

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
  • Vboost Celebrates 14 years of Automotive Viral Marketing
  • Spokane: Notice of Intent to Make a Section 4(f) De Minimis Impact Determination
  • Spokane Complex Fire Parks & Recreation update 08-12-26
  • Ignazio Arces Wins Stevie® Award for Maverick of the Year at the 2026 International Business Awards
  • Tickeron Highlights AI Trading Agent Performance Across Multiple Market Sectors

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

Show All News | Disclaimer | Report Violation

0 Comments
1000 characters max.

Latest on Washingtoner
  • ImagineX Named to 2026 Inc. 5000 List of America's Fastest-Growing Private Companies
  • ASSIST Software Becomes One of the First European Companies Certified to ISO/IEC 42001
  • The World's No.1 Superstar® Enters the Occult with New Track and Cinematic Visual "Under Your Spell"
  • PricZone Launches Online Shopping Platform Offering Electronics, Gaming, and More
  • Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community
  • Lineus Medical Elevates Leadership to Accelerate Growth After Breakthrough Clinical Results
  • Gateway Center Arena Announces Duane Curry as General Manger
  • Spokane Police Respond to Overnight Shooting in Garland District
  • XRPPower Expands Platform Security With Enhanced Brand Protection and Official Verification Standards
  • Spokane-Area VFW Posts Open Their Doors to Wildfire Evacuees
  • QuickBooks Online Advanced: Features, Benefits Guide
  • Cuvo Health, the #1 White Label Telehealth Platform, Surpasses 300 Exclusive Providers Serving All 50 States
  • Spokane: City To Provide Extra Garbage Collection for Downgraded Evacuation Zones
  • Spokane: City offers guidance on safely returning home after fires
  • Qustone Brings Leadership as Infrastructure to the Commercial Space Ecosystem
  • Inappropriate Jazz - It's a Musical!
  • Spokane: City Testing Shows Water Quality is Safe
  • RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
  • UK Financial Ltd Makes History: Chainlink CRE Circulating Supply Verification Goes Live Across Its Complete Ecosystem Of Nine Exchange-Traded Tokens
  • International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea
_catLbl0 _catLbl1

Popular on Washingtoner

  • Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 166
  • Martin A. Sumichrast Joins Hawkeye Systems, Inc. as Chairman of the Board - 140
  • Northeast Airlines Launches New Asset Management Group
  • Boston Industrial Solutions Launches New Citrine® SA1-370 Silicone Glue for Permanent Adhesion
  • From the Racetrack to the Boardroom: Aston Martin and Aramco Formula One Partnership Accelerates Circle8 Group: (N A S D A Q: CIRC)
  • Spokane: Flags Lowered for Senator Lindsey Graham
  • Where Is Your Faith The Movie and Sountrack
  • Former Judge Chris Oldner Honored as Best Lawyer by "D Magazine" for 6th Straight Year
  • DBF Viewer 2000 v9.25 Adds Command-Line Index Tag Removal
  • Dynamic Dachshund Dog Goes Global: Remember Point Launches a New Bilingual Children's Book

Similar on Washingtoner

  • Sparta Services' Dave Galy Named to CRN's 2026 Next-Gen Solution Provider Leaders List
  • Ignazio Arces Wins Stevie® Award for Maverick of the Year at the 2026 International Business Awards
  • Tickeron Highlights AI Trading Agent Performance Across Multiple Market Sectors
  • OPUS Global Data Solutions Launches Food Trader Plus, Bringing Operational Control and Deal-Level Profit Visibility to Food Brokers
  • ImagineX Named to 2026 Inc. 5000 List of America's Fastest-Growing Private Companies
  • Lineus Medical Elevates Leadership to Accelerate Growth After Breakthrough Clinical Results
  • XRPPower Expands Platform Security With Enhanced Brand Protection and Official Verification Standards
  • QuickBooks Online Advanced: Features, Benefits Guide
  • RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
  • UK Financial Ltd Makes History: Chainlink CRE Circulating Supply Verification Goes Live Across Its Complete Ecosystem Of Nine Exchange-Traded Tokens
Copyright © 2026 washingtoner.com | Terms of Service | Privacy Policy | Contact Us | Contribute