Bitcoin

Despite reduced profitability following the fourth <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>, miners' energy consumption continues to grow. The halving reduced the block reward from 6.25 BTC to 3.125 BTC, but this hasn't halted the expansion of mining capacities.
The Bitcoin network's <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> has reached record levels, indicating ongoing investments in equipment. However, <a href="https://ultramining.com/news/en/bitcoins-rebound-above-30k-boosts-hashprice-a-4-leap-in-24-hours/" rel="noopener noreferrer nofollow">hashprice</a> has dropped to record lows, decreasing miners' profitability.
Experts note that only the most efficient operations will remain profitable under such conditions, which may lead to market consolidation.

Miners’ Energy Consumption Grows Despite Reduced Profit After Halving

Ultramining_Eng

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