What was the approximate count of bitcoin miners in 2017?

3 answers

• Nov 26, 2021 · 3 years ago
  In 2017, the approximate count of bitcoin miners was around 10 million. This number includes both individual miners and mining pools. The popularity of bitcoin mining was on the rise, and many people were attracted to the potential profits that could be made through mining. However, it's important to note that this number is an estimate and may not be exact. The actual count of miners could have been slightly higher or lower.
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• Nov 26, 2021 · 3 years ago
  Back in 2017, there were approximately 10 million bitcoin miners. It was a time when mining was still profitable for individual miners, and many people were setting up their own mining rigs to participate in the network. However, as the difficulty of mining increased and the rewards decreased over time, the number of individual miners started to decline. Nowadays, mining bitcoins is mostly done by large-scale operations and mining pools.
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• Nov 26, 2021 · 3 years ago
  According to data from various sources, including industry reports and estimates, the approximate count of bitcoin miners in 2017 was around 10 million. This number includes both individual miners and mining pools. It's worth noting that the actual count could have been slightly higher or lower, as it's difficult to accurately track the number of miners due to the decentralized nature of the bitcoin network. However, this estimate gives us a rough idea of the scale of mining activity during that year.
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