While everyone’s busy speculating about whether Strategy will sell, a quieter storm is brewing in the Bitcoin mining world. Rising operational costs and the recent tumble in BTC’s price are putting miners in a tight spot, and some of the biggest players could be the first to dump their BTC.
Already, a number of mining companies are pivoting toward AI, hinting that they might not see crypto mining as a sustainable long-term play. But just how bad is it? Today, we’re taking a close look at the Bitcoin mining industry, giving you a clear picture of what’s going on, and whether you should worry.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Real Cost of Bitcoin Mining: https://www.compareforexbrokers.com/us/bitcoin-mining/#wrapper
► Miners Pivoting to AI: https://coingeek.com/block-reward-miners-cant-pivot-to-ai-fast-enough/
► Miner AI Benefits: https://www.dlnews.com/articles/markets/bitcoin-miners-ai-pivot-holds-auspicious-future/
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~ TIMESTAMPS ~
0:00 Intro
0:57 Largest Bitcoin Mining Companies
4:47 The Rising Costs of Bitcoin Mining
6:36 Bitcoin Mining Companies Pivoting to AI
11:14 How Have Bitcoin Miners Sales Affected BTC?
13:37 Should We Be Concerned?
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#bitcoin #bitcoinmining #btc