Hut 8 CEO Jaime Leverton explains how Bitcoin mining can stabilize grids, create jobs and generate tax revenues in an exclusive Davos interview.
2022 was “the best storm” for Bitcoin (BTC) miners, according to Jaime Leverton, CEO of Hut8 Mining– one of the biggest crypto miners and digital property specialists in the area.
Leverton sat down with Gareth Jenkinson, senior reporter at Pandoraland, in an interview at the World Economic Forum in Davos, Switzerland. Subjects consisted of were the 2022 bearishness, Web3 diversity, and most importantly, Bitcoin’s growing favorable impact on the environment and more comprehensive economy. Leverton shared that 2022 was a turbulent year for miners:
“Obviously depressed Bitcoin rates, international hash rate continues to strike all-time highs, and then an energy crisis is thrown in the mix. So, it’s certainly been a tough time within the mining market in specific.”
Bitcoin hash rate, the ease at which miners can discover a brand-new block on the Bitcoin time chain and get the block reward, has climbed greater in current months. That’s regardless of Bitcoin’s cost bobbing listed below $20,000. Mining success plunged as the hash problem surged. As an outcome, there were numerous Bitcoin and crypto miner casualties throughout 2022.
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