🚀 Bitcoin mining efficiency skyrockets, as newer machines dominate the network! A recent Coin Metrics report shows a 63% decline in energy use for the same amount of work since July 2018. The Bitcoin network now consumes 13.4 GW of power, 13% less than the commonly used estimate. The most efficient models are Bitmain Antminer S19 XP and MicroBT M50, which are twice as efficient as older models. As the next halving approaches, miners need to invest in newer machines to stay competitive. 💪 What do you think about the improved efficiency in Bitcoin mining? Share your thoughts in the comments!