Proof of Work Mining Economics: Hashrate Trends, Difficulty Cycles, and Block Reward Forecasting
Introduction to Proof of Work Mining Economics
Proof of Work (PoW) blockchains such as Bitcoin, Litecoin, and Dogecoin rely on competitive mining to secure the network and issue new coins. The economics behind PoW mining can seem opaque, but understanding three fundamental pillars—hashrate trends, difficulty cycles, and block reward