THE AUTHOR OF THE BITCOIN STANDARD WARNS BITCOIN MINING HAS PEAKED 🚨👀⚡
Dr. Saifedean Ammous, author of The Bitcoin Standard which sold over 1 million copies in 39 languages, warns that Bitcoin mining electricity and capital spending have peaked forever 📉⚠️.
Every 4 years, the halving cuts new daily coins by 50%. To keep miners profitable, Bitcoin price must double each cycle (around 19% yearly gains) plus beat inflation. With Bitcoin now a multi-trillion dollar asset, growth is slowing, squeezing miner earnings 🪙📊.
Four warning signs show the pressure:
🔹 Miner rewards peaked on 14 March 2024 at $65M/day, needing $147,600/BTC to match.
🔹 Cambridge data shows power use dropped from 190 TWh to the high-130 TWh range.
🔹 Mining difficulty has stalled for 305 days without a new record.
🔹 Tech giants are outbidding Bitcoin miners for power to train AI.
Bitcoin stays secure through mathematics, and when the AI bubble cools, stranded energy will rush back to Bitcoin mining 🔄⚡.
Will AI power return to Bitcoin? 👇
#Bitcoin #BTC #Crypto #Mining
Dr. Saifedean Ammous, author of The Bitcoin Standard which sold over 1 million copies in 39 languages, warns that Bitcoin mining electricity and capital spending have peaked forever 📉⚠️.
Every 4 years, the halving cuts new daily coins by 50%. To keep miners profitable, Bitcoin price must double each cycle (around 19% yearly gains) plus beat inflation. With Bitcoin now a multi-trillion dollar asset, growth is slowing, squeezing miner earnings 🪙📊.
Four warning signs show the pressure:
🔹 Miner rewards peaked on 14 March 2024 at $65M/day, needing $147,600/BTC to match.
🔹 Cambridge data shows power use dropped from 190 TWh to the high-130 TWh range.
🔹 Mining difficulty has stalled for 305 days without a new record.
🔹 Tech giants are outbidding Bitcoin miners for power to train AI.
Bitcoin stays secure through mathematics, and when the AI bubble cools, stranded energy will rush back to Bitcoin mining 🔄⚡.
Will AI power return to Bitcoin? 👇
#Bitcoin #BTC #Crypto #Mining
