đš Bitcoin's hashrate just crossed 1 ZH/s again. The AI migration isn't giving remaining miners the relief they expected.
#bitcoinhashratehitssevenmonthhigh
On October 22, Bitcoin's seven-day average hashrate recovered above 1,000 EH/s, its highest level since March 3.
Here's the contradiction.
Large publicly traded miners are shifting computing capacity toward AI and high-performance computing. Yet Bitcoin's mining competition is intensifying.
Why?
The machines don't simply disappear. Smaller operators with cheaper electricity can buy equipment from miners leaving the market and put it back to work.
Bitdeer is expanding its mining capacity, too.
The pressure is showing up in difficulty. Bitcoin's mining difficulty rose 5.92% on October 16, with another increase projected at the next adjustment.
That creates two different signals.
Higher hashrate supports the network's computational security. Higher difficulty, however, can squeeze miners' revenue per unit of computing power.
The next question is whether Bitcoin's price and transaction fees can keep up with the rising cost of competition.
Is the AI boom actually weakening Bitcoin miningâor simply changing who operates the machines?
Not financial advice, DYOR.
$BTC $ZEC $AKE
#Bitcoinmining #BitcoinHashrateHitsSevenMonthHigh #EthereumHoodiTestnetGlamsterdamHardForkDelayed #WinklevossAndSilbertBackedMinersEachHold20%OfZcashHashRate
#bitcoinhashratehitssevenmonthhigh
On October 22, Bitcoin's seven-day average hashrate recovered above 1,000 EH/s, its highest level since March 3.
Here's the contradiction.
Large publicly traded miners are shifting computing capacity toward AI and high-performance computing. Yet Bitcoin's mining competition is intensifying.
Why?
The machines don't simply disappear. Smaller operators with cheaper electricity can buy equipment from miners leaving the market and put it back to work.
Bitdeer is expanding its mining capacity, too.
The pressure is showing up in difficulty. Bitcoin's mining difficulty rose 5.92% on October 16, with another increase projected at the next adjustment.
That creates two different signals.
Higher hashrate supports the network's computational security. Higher difficulty, however, can squeeze miners' revenue per unit of computing power.
The next question is whether Bitcoin's price and transaction fees can keep up with the rising cost of competition.
Is the AI boom actually weakening Bitcoin miningâor simply changing who operates the machines?
Not financial advice, DYOR.
$BTC $ZEC $AKE
#Bitcoinmining #BitcoinHashrateHitsSevenMonthHigh #EthereumHoodiTestnetGlamsterdamHardForkDelayed #WinklevossAndSilbertBackedMinersEachHold20%OfZcashHashRate