Bitcoin Miner Stats 2025-2024
Since Bitcoin’s creation in 2009, mining has been all the rage. Through bullish runs and bear markets, Bitcoin miners continue to seek their share of the blockchain pie in hopes of striking it big despite the recent halving event.
However, is Bitcoin mining as profitable now as it was over a decade ago? Also, how is the cryptocurrency market doing, and what technologies are now the go-to solutions for mining BTC and tokens?
We answer these questions and more below.
Below are some Bitcoin mining statistics 2025-2024 that speak volumes about the Bitcoin and cryptocurrency mining market’s profitability and outlook:
- Miners can earn 3.125 BTC per block in 2024.
- The United States leads in total hash rate share (37.84%)
- Bitcoin mining uses 160 terawatt-hours of electricity yearly.
- 2% of the world’s energy use is from crypto-mining.
- New York accounts for 19.90% of the US’s cryptocurrency mining.
- The ASIC miner market is valued at $9.15 billion.
- The Antminer S21 is in the top five ASIC miners.
- The top 3 ASIC hardware firms are in China.
- 26% of millennials own Bitcoin and other cryptocurrencies.
- Over 560 million people worldwide own cryptocurrencies.
Miners Can Earn 3.125 BTC for Each Block Created
Bitcoin miners profit from adding blocks to the Bitcoin blockchain. In 2024, the maximum number of Bitcoins that a miner can earn is 3.125 coins, and this is half of what the incentive was in 2020.
Every four years, the number of coins miners can earn decreases by 50% in an event called a “halving.” Halving events are in place to ensure a stable supply of Bitcoins, and the result is sustainably high values assuming that demand for BTC remains constant.
Without halving events, an unlimited amount of Bitcoins can be mined and earned, causing the fiat value of the token to plummet.
The United States Leads in Total Hash Rate Share
With Bitcoin being relatively scarce due to halving and demand being constant, miners are in a mad scramble to earn as much of the prized token as they can. The result is increased hashing across the globe — but much of the global hash rates come from one place.
Data from the World Population Review suggests that most of the hash rates for BTC mining come from the United States. According to the report, the United States accounts for 37.84% of the total hash rates, becoming the largest Bitcoin mining country in the world.
Bitcoin’s Energy Demand: Mining Uses 160 Terawatt-Hours of Electricity Every Year
It’s no secret that mining takes up a lot of energy, but how energy-intensive is Bitcoin mining, exactly? Recent data has the answer.
Based on 2024 estimates, Bitcoin mining uses approximately 160 terawatt-hours of electricity yearly. This energy usage is equivalent to the output of about 50 city-wide coal plants!
With energy usage this high, there’s a need for miners to seek energy-efficient means of contributing to their respective blockchains. Besides that, sustainable energy options will likely be a critical part of many Bitcoin mining conversations in the years to come.
Cryptocurrency Mining Accounts for 2% of the World’s Energy Usage
As mentioned, mining uses gigawatts upon gigawatts of energy yearly. In fact, cryptocurrency mining has grown to be one of the most energy-intensive pursuits worldwide, according to an IMF report.
Based on the report, 2% of the world’s energy use and carbon emissions come from cryptocurrency mining. At this percentage, crypto-mining is among the highest consumers of energy and a large contributor to CO2 emissions by IMF classifications.
With Nearly 20% of Miners, New York Is the Largest Cryptocurrency Mining State in the United States
If you’re wondering where in the country mining is at an all-time high, this next statistic may interest you.
2024 data reveals that there are four states with the largest concentration of cryptocurrency miners. Of these states, New York has the highest proportion of crypto-miners, with a staggering 19.90%.
The other states mentioned were Kentucky (18.70%), Georgia (17.30%), and Texas (14%).
So, if you’re speaking or dealing with cryptocurrency miners, there’s a high probability that they’re in these parts of the country.
The ASIC Miner Market Is Valued at $9.15 Billion
ASIC miners have grown in popularity. Due to their efficiency and superior hash rates to GPUs, the ASIC market has ballooned to a value of $9.15 billion. This market value coupled with a CAGR of 7.7% is a sign that ASIC miners will be the new tools for profitable Bitcoin and cryptocurrency mining.
With that in mind, you may be interested in investing in an ASIC miner. However, which one should you go for in a vast ocean of options?
The next statistic might help you make an informed decision.
The Antminer S21 Pro Is Among the Top Five Leading ASIC Miners in 2024
Many companies have come up with their own versions of application-specific integrated circuit miners to cash in on ASIC demand. When in doubt, look no further than one of the top five best ASIC miners for 2024 — the Antminer S21 Pro.
The Antminer S21 Pro is the latest in Bitmain’s Antminer line, boasting superior hash rates and lower energy requirements.
The Top 3 ASIC Firms Are in China
Despite the country’s crackdown on mining and cryptocurrency, China is still home to some of the top ASIC manufacturers in the world. In fact, the top three ASIC firms have their bases of operations in the country, and these companies are Bitmain, MocroBT, and Canaan.
26% of Millennials Invest and Own Bitcoin and Other Cryptocurrencies
Anyone can get into cryptocurrency mining and investment. However, these ventures are particularly popular with one demographic.
According to Bankrate, crypto enjoys massive popularity among millennials. In fact, 26% of millennials or those born between 1981 and 1996 own or invest in Bitcoin and other tokens like XRP, Ethereum, and meme-coins like DOGE.
Hence, if you happen to belong to this age bracket and are looking to invest in cryptocurrencies like Bitcoin, know that you’re in good company.
Over 560 Million People Worldwide Own Bitcoin and Other Cryptocurrencies
Speaking of being in good company, you will be glad to know that you’re joining roughly 7% of the world’s 2024 population when you invest in Bitcoin or other cryptocurrencies. According to 2024 data from Triple-A, there are over 560 million cryptocurrency owners worldwide. That’s 26 times the number of direct stock market investors in the United States!
Key Takeaways
These Bitcoin mining statistics for 2024 show two sides of the market.
On one hand, there are the downsides like energy costs and how much crypto mining contributes in the way of carbon emissions.
With that said, the demand for ASICs and the strides made in ASIC technology shown by the top miners prove that mining is still profitable in 2024.
As you get into Bitcoin mining, keep these facts and figures in mind, particularly the ones on how much you can earn and which miners to choose.
