Mining Dashboard Summary 12/8/23

Dec 08, 2023

Mining Summary

It’s been a while since BM Pro’s last Mining Dashboard was published and we’ve made a few changes. Let’s get reacquainted. The top left table, Mining Activity, displays basic mining metrics. Nearly all figures regarding hash on the Bitcoin network have risen dramatically over the last 30 days. Despite Hash Price rising by 20%, the bitcoin price has risen faster than costs making it possible for revenue to still rise. The Mining Metrics table, the second table on the left, includes mining-derived indicators. They are acting as one would expect in the current market conditions.

On the right, we list all the major public miners, their stock performance, and some of their public metrics, including bitcoin held, last month’s production of bitcoin, and their hash rate. Most mining’ stocks have performed well over the last 30 days, even when measured in bitcoin instead of dollars. Miners are sorted by market cap (MCAP) and, as you would expect, those miners holding more bitcoin in their treasuries tend to be at the top of the list. One miner that stands out is Core Scientific (CORZ), with the second highest number of mining rigs, being quite low on this list due to the fact that they do not hold any bitcoin.

Lastly, on this new version of the Mining Dashboard, we’ve added the mempool, fees and number of inscriptions. The mempool is extremely full, while the rate of growth in the number of inscriptions has fallen drastically.