Bitcoin

Impact

April

The ASIC market is experiencing substantial changes following Bitcoin’s April halving, which reduced miners’ rewards. Analysts from Hashrate Index report that many mining models have seen significant price reductions as the market adapts to this new environment. The latest generation of Bitcoin miners, like the S21 and T21, performed notably better than older models in Q2, emphasizing the industry's focus on efficiency, according to <a href="https://crypto.news/asic-market-undergoes-significant-repricing-analysts-say/" rel="noopener noreferrer nofollow">Crypto</a>.
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMxO4BL6OVZglt15mnkLbOLRJ29YMpSBvuVJIroUX2QrbDDJDKknNtnv_1-jbrD-pGpisql55rNXJz3-DotE7PJdOchx5Jh-bCmq7TJTYlgabA_pgz_tUK7SNFu-QQ_gk1tTKyDqp5VoFwzOH_wInYDGhj?key=APLzgIEH5rcVrKjwGcwD3w" alt="">
</figure>
Despite the initial high efficiency of the S21, its price dropped before the halving, indicating it was initially overpriced. However, it rebounded slightly by the end of Q2, finishing with only a marginal decline. The analysts highlight that Q2 marked a downturn for Bitcoin's <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>, which hit an all-time low of $44.43 per petahash (PH) per day in May. Over the quarter, the hashprice in USD terms fell by 56%, resulting in a 53% year-to-date decrease and a 38% year-over-year decline. In Bitcoin-denominated terms, the hashprice dropped 68% year-to-date.
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeoT-4-dh92OG1mrSWOe3r53wYN3vJiUfFiXo8Ridwe-ho5-KhJO9983J49TN4BYo1VLMZBt1K8q2nCxmStKWpzMrKzfee4o1w7qIkwALvLtC-gXI0IHAOW-JP01uvqnvdGEost0rD3VJvg7OXyhAwbmxvD?key=APLzgIEH5rcVrKjwGcwD3w" alt="">
</figure>
The report also addresses the diversification efforts by several public miners, who have ventured into artificial intelligence (AI) and high-performance computing (HPC) services. However, Q1 data shows that self-mining continues to be the primary revenue source for these miners. AI and HPC contributions to overall revenue remain minimal.

ASIC Market Undergoes Significant Repricing Amid Bitcoin Halving Impact

Ultramining_Eng

Các bài viết khác được xuất bản trên 25 thg 7, 2024

Solympics Price Surges 239% In A Week, But Experts Say This New ICO Might Be The Official Meme Co...

Hoskinson Reacts to Cardano ETF Rumors; Community Excited

WXT Market Performance – 30% Growth Explosion: How WXT’s Strategy Delivers Massive Investor Gain

Dogecoin (DOGE) Price Poised For 10x Rally in Next 2-3 Weeks

How Blockchain Enhances Cybersecurity | Strengthening Digital Defenses

Is Ripple Dead? 5 New XRP Alternatives Going to the Moon

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!