Bitcoin Mining Profitability Hits Two-Year Low Amidst AI Pivot
Bitcoin Mining Profitability Hits Two-Year Low Amidst AI Pivot
Bitcoin mining profitability has fallen to a two-year low, primarily due to record high difficulty and declining on-chain fees. This challenging environment is creating a significant divide among miners, with many operating on razor-thin margins, while others are adapting by pivoting their operations to serve as data centers for the burgeoning AI industry.
Record difficulty and declining on-chain fees have dragged Bitcoin mining profitability to a two-year low, creating a widening divide between miners surviving on razor-thin margins and those reinventing themselves as data-center operators for the AI boom. Mining used to be a homogeneous industry moving in sync with Bitcoin’s price. However, it’s now evolving into a [...]
The post Bitcoin hashprice sinks to 2-year low as AI pivots split miners appeared first on CryptoSlate.