State of the Market: H1 2023
The first 6 months of the year in 20 charts
In the first six months of 2023 BTC price surged 84%. Network hashrate grew almost 50% pushing difficulty to all-time highs. Hashprice stayed within a small range for most of H1. Despite the tight margins, the Bitcoin mining industry is very much alive coming out of the 2022 bear market. Read all about it in this H1 2023 review. I analyze the mining mar…