đ„đ„đ„ 3 Reasons Why Bitcoin ($BTC ) #hashrate Hits New ATH of Over 925 Eh/s
Bitcoin (BTC) Hashrate Growth: 3 Key Drivers
- Bitcoin's hashrate continues to rise, critical for network security and adoption. Despite increased mining difficulty post-halving, investments remain strong. Here are three factors that could push the BTC hashrate beyond its current all-time high of 925 EH/s:
1. Mining Profitability Potential:
- The BTC hashrate has grown 13% since the halving, with profitability improving due to higher transaction fees and a brief hashprice rally above $50 per PH/s. As Bitcoin's price rises, mining profits are expected to grow, motivating miners to invest in new equipment, driving further hashrate increases.
2. Natural Selection Among Miners:
- Mining remains volatile. Many less-capitalized miners were forced out during the recent crypto winter, allowing remaining miners to claim a larger share of rewards. This consolidation will encourage surviving miners to expand operations, boosting hashrate long-term.
3. Diversification into #AI Services:
- Bitcoin miners are now branching into AI, leveraging their infrastructure for data centers. Firms like Marathon Digital are investing in AI, providing new revenue streams and incentivizing them to scale mining operations, further increasing hashrate.
Conclusion: Growing profitability, consolidation, and diversification into AI services will sustain and boost BTC hashrate over time.
