CoinShares: Bitcoin Mining in Energy-Secure Regions May Turn to Artificial Intelligence
According to a report from CoinShares, the average production cost of each bitcoin for listed mining companies is now about $53,000. More and more miners at their energy security sites are turning to artificial intelligence, with companies like Has and Hut 8 reporting 3.6% and 2.9% of revenue from artificial intelligence, while other companies are also developing artificial intelligence projects. According to their model predictions, the hash rate will rise to 700 Exahash by 2025, and the hash price will halve to $53 per day after 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.
Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.
Bitcoin Surpasses Amazon, Approaches Google’s Market Cap
Michael Saylor Backs New SEC Chair for Bitcoin Growth
Trending news
MoreCrypto prices
More
