SR033: Ninth CryptoSuper500 List – Slides

Ninth CryptoSuper 500 List – Slides

Our Ninth CryptoSuper500 list. As of this report the economic value of newly generated Bitcoin has dropped to $6.2 billion from $9.7 billion since OrionX’s prior report in June of this year. Ethereum mining was also generating $9.4 billion in value at that time, but that has collapsed to zero as of mid-September with the Merge and full conversion to proof of stake. Since our first list, produced four years ago, global hash rate has increased by a factor of 5.2 in four years, for a compound annual growth rate (CAGR) of 51%. Bitcoin’s value is up more modestly, with a CAGR around 25% since November 2018, but the price remains highly volatile; very recently volatility has been similar to that of the NASDAQ stock index.