Moore Law in Mining

Moore Law in Mining refers to the observation that the number of transistors on a mining ASIC chip doubles approximately every two years, leading to exponential gains in mining efficiency. This historical trend has been the primary engine for the massive growth in total network hashrate.

As hardware becomes more efficient, the competitive landscape intensifies, pushing out older, less efficient hardware. This constant cycle of hardware obsolescence and innovation is a defining feature of the mining industry.

It forces miners to continuously reinvest in the latest technology to remain profitable. The law serves as a benchmark for predicting future improvements in mining power and energy consumption.