Category: Mining

[ad_1] Many Bitcoin miners are struggling to turn a profit this market cycle due to diminishing returns, so they may need to pivot to artificial intelligence hosting or put their holdings to work to generate yields, says market maker Wintermute. Wintermute said in a blog post on Thursday that Bitcoin (BTC) miners have spent years…

[ad_1] Over the past decade, bitcoin mining thrived on predicting price surges after halvings. However, a new report by Wintermute indicates this reliance has ended as bitcoin matures into an institutional asset, disrupting previous profitability cycles. Diminishing Returns in the Post-Institutional Era For over a decade, bitcoin mining relied on a simple gamble: weather quadrennial…

[ad_1] Eskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced plans to sell excess electricity generated during the day due to increased solar power usage. The Solar Paradox In a shift that seemed impossible only two years ago, South African state-owned power…