Bitcoin miners are getting creative! 🧠 With the April halving slashing rewards, miners are cutting costs and embracing AI, says CoinShares.
- Mining costs are up, but so is innovation. Miners are rolling out new infrastructure, betting on future price hikes.
- Average cost to mine 1 BTC? Around $49,500. But some like Cormint and TeraWulf are crushing it at $15K-$19K.
- High costs have miners diversifying. Hive invested $66M in Nvidia GPUs, while others are merging to cut expenses.
Despite challenges, the Bitcoin mining industry is buzzing with activity and optimism!