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Bitcoin Miners Turn to AI as Mining Cost Surges to $80,000 per BTC
Bitcoin miners are undergoing one of the key challenging periods in the history of the industry. In this respect, surging mining costs, reaching the height of $80K per $BTC, are pushing Bitcoin ($BTC) miners toward AI. As per CoinShares’ latest report, the hashprice, a crucial mining profitability gauge, has plunged to the per hash/s/day level of $28-30 in this year’s 1st quarter. Hitting this level reportedly denotes a historic low, raising concerns among the Bitcoin miners. The CoinShares report indicates that the Bitcoin miners are moving toward the use of AI, while the mining charges have jumped to $80,000 ... (full story)
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