Mining profitability is under pressure as network competition reaches historic levels and margins shrink.
According to a recent report from The Miner Mag, the bitcoin mining sector is going through a phase of growing economic difficulty, marked by increasingly intense competition on the network and unfavorable market conditions.
Miners are facing a complex situation: while the network hashrate – the indicator that measures the total computing power dedicated to securing the network – reached an all-time high of 1.16 ZH/s in October, the price of BTC fell toward $81,000 in November.
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Yeah I feel for the miners! Tough business.
But if you are long term bullish it is worth the investment. In my opinion
they have to pivot to ai/hpc as an additional revenue stream
clean spark
terawulf
iren
mara
riot
hut or hive (I can't remember)
This is why the future is heatpunk
If the heat is useful, then the sats are a bonus