“PUBLIC MINERS Race to Scale As Bitcoin’s Hashrate Nears the Zetahash Threshold.”, – WRITE: www.coindesk.com
MINers Are Facing Mounting Pressure as The Network’s Hashrate and Difliculty Continue to Climb, Tighhening Margins Even as Bitcoin’s Price Holds Steady, Access to The Minister
The Network’s Mining Dificulty Hit A Record 126.98 Trillion, Propelled by a 14-Day Average Hashrate of 913.54 Exahashes per Second (Eh/S). Transaction Fees in June Fell Bell 1% of Block Rewards, and Hashprice Droped to $ 52 per Ph/S Before Rebounding Slightly.
Escalating Competition and Energy Consts Are Expectioned to Drive Production Expenses Above $ 70,000 per BTC, UP from $ 64,000 in the First Quarter of The Year, The Report Said.
To remain competitive, Public Mines of Like Mara Holdings (Mara), Cleanspark (CLSK), Riot Platforms (Riot), and Iren (Iren) are Accelerating Buildats. MARA GREW ITS HASHRATE by 30% in May, While Hive (Hive) Added 32% After Energizing A New Facility in Paraguay. CIPPHER MINING (CIFR) IS Targeting A 70% Boost by Expanding It Texas Operation.
Top-TIER Asics Now Cost Between $ 10 and $ 30 per Terahash, The Report Said, with Operational Payback Periods Stretching As Long As Twoars. That’s Assuming A $ 0.06/Kwh Electricity Rate – ALRREADY OUT OF REACH FOR SOME. Terawulf, for Instance, Paid $ 0.081/Kwh in The First Quarter, Pushing Itt Hashcost Up By Over 25%.
Meanwhile, Mining Equities Are Decoupling from Bitcoin’s Price Performance. Iren, Core Scientific (Corz), and Bit Digital (BTBD) Were All In the Green Over the Last Month, While Canaan (Cana) and Bitfarms (Bitf) Were Down Dur.
The Shift Suggests That Investors Areaing Closer At Business Models Racher Than Bitcoin’s Price Action.
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