Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says CoinDesk

Image for article Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says CoinDesk
News Source : CoinDesk

News Summary

  • The quadrennial halving, which slows the rate of growth in bitcoin supply by 50%, occurred on Friday evening
  • Miners will be faced with substantial cost increases as a result of the halving
  • Mining companies can try to mitigate these higher costs by optimizing energy costs and buying better-priced hardware
Bitcoin miners may shift towards AI due to the potential for higher revenue, CoinShares said.The average bitcoin production cost posthalving is about $53,000.Some miner [+2122 chars]

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