Lessons From A Decade Of Bitcoin Mining – Bitcoin Magazine

This is an opinion editorial by Marco Streng, CEO of Genesis Digital Assets, one of the world’s largest industrial-scale bitcoin mining companies.

We can put some hard numbers behind the growth of the cryptocurrency mining industry — a current market size of $2.29 billion, a CAGR of 28.5%, forecast to reach $5.29 billion by the end of 2028 — but the real growth in mining comes from the lessons learned over the years and implementing those lessons to become more profitable and sustainable.

I started mining bitcoin in my dorm room in 2012 and started industrial-scale bitcoin mining in 2013, just a few years after Bitcoin was created in 2009. Since then, our operations have scaled to include data centers around the globe and billions of dollars mined. Mining might have been a fun pastime back then, but scaling an industrial-size mining operation is a very different experience — one that takes focus, tact and the ability to learn from your mistakes.