Bitcoin Cash Mining Efficiency & Hashrate Over Time

Published on January 12, 2025
Analysis by Michael Mezher, Founder MEZTech

Bitcoin Cash mining has evolved continuously since the network's inception, both in terms of hardware efficiency and overall hashrate. Because Bitcoin Cash may be viewed from the lens of the connection of energy to digitally represented value, it's important to consider how much energy is expended per unit of that value. This chart displays the MW/$B metric, which is derived from the assumed network efficiency (based on hardware improvements over the course of Bitcoin Cash's history), Bitcoin Cash's approximate historical hashrate, and BCH's historical marketcap. See Energy Expenditure vs. Market Capitalization in Proof-of-Work Currencies for more information.

Because it's nearly impossible to pin down what exact hardware BCH miners use at any point in time, we've utilized the approximate release dates of breakthrough state-of-the-art miner hardware to produce the efficiency (GH/s/W) trace shown. We've linearly interpolated between release dates to simulate a gradual progression of Bitcoin Cash miners transitioning towards more efficient hardware. Modify the cells below & click "Update Plot" to alter these assumptions to see the effects on the MW/$B metric.

Disclaimer: All calculations here are estimates based on indicative hashrates, hardware efficiency, and market caps. Real-world power usage can vary significantly, and market valuations are constantly in flux. Always perform your own research and use multiple data sources before drawing conclusions.

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