! With the network hashrate smashing the 1 ZH/s mark, competition is heating up 🔥 and mining profits are taking a nosedive. Many public miners are now pivoting to AI/HPC tasks where the margins are way juicier than with standard BTC mining. So, what’s happening? We’re seeing a split in the industry: • 🏢 Infrastructure providers turning their mining rigs into high-margin compute machines. • ⛏️ Traditional miners grinding it out in a cutthroat market with almost zero profits. The future of mining is looking a lot different! 💻✨ #Bitcoin #Mining #CryptoTrends
💰 The cost to mine 1 BTC is now averaging $74,600! 😱 When you factor in depreciation and other costs, it jumps to a whopping $137,800!
With the network hashrate smashing the 1 ZH/s mark, competition is heating up 🔥 and mining profits are taking a nosedive. Many public miners are now pivoting to AI/HPC tasks where the margins are way juicier than with standard BTC mining.
So, what’s happening? We’re seeing a split in the industry:
• 🏢 Infrastructure providers turning their mining rigs into high-margin compute machines.
• ⛏️ Traditional miners grinding it out in a cutthroat market with almost zero profits.
The future of mining is looking a lot different! 💻✨ #Bitcoin #Mining #CryptoTrends
