🚨#BTCMiningPeak BITCOIN UPDATE ,Dont miss this🚨
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The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday's latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin's hash rate also crossed the 800
EH/s threshold this month for the first time, signaling the network's solid performance.
Despite these indicators of a strong network, miners face challenges due to the halved block rewards and increased difficulty, which squeeze their profitability. Temporary Relief But Cost Pressures Mount for Bitcoin Miners
CoinShares' Q3 Bitcoin Mining Report highlights that although these factors have raised mining costs, the recent rise in hashprice has provided temporary relief.
However, this boost is not expected to last, and miners will need to adapt to the long-term pressures driven by rising costs and competition for resources.
In its latest report, the European asset manager stated that cost-of-production
pressures are expected to continue and will be driven by fierce competition for land and power resources.
Hyperscalers, which offer more profitable alternatives, are outbidding miners and are ultimately driving up operational costs.
Meanwhile, machine prices, closely correlated with Bitcoin's value, are also set to increase thereby amplifying capital expenditures and depreciation expenses.Miners Explore Al and Clean Energy Solutions
As a result, miners are adopting diverse strategies such as HODLing Bitcoin or exploringartificial intelligence
(Al) partnerships, which may temporarily slow BTC production but open new
revenue streams.
CoinShares's identified firms,likeTeraWulfand Cipher, are well-
positioned to capitalize on Al opportunities due to their strategic relationships with energy companies and significant investments in clean energy. However, the financial impact of these ventures may take time to materialize, the report stated.
