Crypto News – With the possibility of increased income after the bitcoin halving, cryptocurrency miners might switch to artificial intelligence in energy-secure areas, according to a report released by CoinShares on Friday. According to CoinShares, miners are actively handling their debt, with some even utilizing extra cash to settle debt.
BTC Miners and AI: CoinShares Report Predicts Miners Will Use AI to Reduce Cost
According to the research, the miners would have to bear significant cost increases due to the halving, as the cost of electricity and overall production would nearly double. Mining businesses might attempt to reduce these increased expenses by purchasing more affordable technology, improving mining efficiency, and reducing energy costs.
This trend suggests that bitcoin mining may increasingly move to stranded energy sites while investment in AI grows at more stable locations,
authors led by James Butterfill
After the halving, the average electricity cost of production for Bitcoin is predicted to rise to around $34,900 from roughly $16,300 in the fourth quarter. The asset manager’s projections state that by 2025, the hashrate would reach 700 exahash, but as miners shut down underperforming equipment, it might decrease by 10%.
The weighted average cash cost of production in Q4 was approximately $29,500; post-halving, it is projected to be about $53,000,
the authors
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