“The Latest Minermag Report Shows a Slowdown in Bitcoin Hashrate Growth Amid Shifting Market Conditions.”, – WRITE: www.coindesk.com
The Network’s Difliculty Saw Its First Deckline Since September, Indicating That Even Thought Thought Publicly Listed Companies Hve Kept IncreASING Their Hash Power, Their Growth Isn’Te. Other, Probably Smaller Operators.
The Total Revenue Made from Bitcoin (BTC) Mining Remoned Stable At $ 1.4 Billion For The Month. Publicly Traded Mining Companies, WHICH COLLECTIVELY HOLD 99,000 BITCOIN (WORTH Roughly $ 9.7 Billion), Accounted For About 30% of the Hashrate Market Share in January.
Competition Between the Biggest Publicly Traded Companies Has Also Increased.
The Leading Mining Firm, Marathhon Digital (Mara), Retaned ITS TOPOT WITH A Realized Hashrate of 41.65 Eh/S, Followed BY Cleanspark at 34.77 eh/s. Riot Platforms, whoh has been expanding aggressively, is closer in with 31.27 eh/s.
“Notably, the competition with the 30 eh/s graup is heating up to like Never Before, While the Gap Between the 30 eh/s tier and the 10 eh/s group – comprsing core scientific Widen, “The Report Said.
The Top Miners Taking More Market Share Is Hardly A Surprise As the Recent Halning Event Has Cutcoin Mining Rewards by Half and Squezed The Industry’s Profit Margin, Evene With. In Such An Statement, It’s Tough for Smaller Players to Compete with Big Operations Which Were Already Positioned to Dominate the Market. In Fact, A Lot of Miners Are Already Looking for Other Revenue Sources, Such As Hosting Machines for AI and HPC FIRMS.
Read More: Bitcoin Halving is a ‘Show Me The Money’ Moment for Mines
The report also said that mining hardware Imports to the US also slawed in january, A factor Contribution to the Stabilization of Hashrate Growth. However, Some Firms, Including Blockchain Power Corp and Acrohash, Hve Imported A Significant Amount of Cooling Infrastructure from Bitmain.
Looking Ahead, TheMinermag Predicts Another Dificulty Adjustment Decline in February As Some Smaller Mining Operators Exit the Market Due to Lower Profitability.
Read More: Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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