{"id":4410,"date":"2024-10-26T21:30:03","date_gmt":"2024-10-26T21:30:03","guid":{"rendered":"https:\/\/bedk0.myrdbx.io\/?p=4410"},"modified":"2024-10-27T04:32:02","modified_gmt":"2024-10-27T04:32:02","slug":"mining-industry-recap-episode-8","status":"publish","type":"post","link":"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/","title":{"rendered":"Mining Industry Recap, Episode 8"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-right counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#Network_Overview\" >Network Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#Solo_Bitcoin_Miner_Hits_the_Jackpot_Earning_222K_in_Rewards\" >Solo Bitcoin Miner Hits the Jackpot, Earning $222K in Rewards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#TeraWulf_to_Raise_350M_Through_Convertible_Notes_for_Share_Buyback\" >TeraWulf to Raise $350M Through Convertible Notes for Share Buyback<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#Bitcoin_Mining_Difficulty_Hits_All-Time_High_Heralding_Potential_Bull_Run\" >Bitcoin Mining Difficulty Hits All-Time High, Heralding Potential Bull Run<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#BitFuFu_Expands_to_Ethiopia_to_Mitigate_Rising_Bitcoin_Production_Costs\" >BitFuFu Expands to Ethiopia to Mitigate Rising Bitcoin Production Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#USB_Bitcoin_Miners_Affordable_Entry_But_No_Profits\" >USB Bitcoin Miners: Affordable Entry, But No Profits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#3_Key_Drivers_Behind_Bitcoins_Surging_Hashrate\" >3 Key Drivers Behind Bitcoin&#8217;s Surging Hashrate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#Bitcoin_Voter_PAC_BTC_Miners_Rally_Behind_Pro-Crypto_Candidates\" >Bitcoin Voter PAC: BTC Miners Rally Behind Pro-Crypto Candidates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#Bitcoin_Miners_Aim_for_100_Hashprice_as_Market_Dynamics_Shift\" >Bitcoin Miners Aim for $100 Hashprice as Market Dynamics Shift<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/blog.infinity-hash.io\/es\/mining-recap\/mining-industry-recap-episode-8\/#Core_Scientific_and_the_Rising_Intersection_of_Bitcoin_Mining_and_AI_Hosting\" >Core Scientific and the Rising Intersection of Bitcoin Mining and AI Hosting<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Network_Overview\"><\/span>Network Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This week the Bitcoin network hash rate reached a new peak at almost 800 EH\/s but came down towards the end of the week again. As a consequence of the high hash rate, mining difficulty grew quite significantly, and is not sitting at an all time high. This, combined with Bitcoin prices has negatively impacted profitability for miners. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"ea807b\" data-has-transparency=\"false\" style=\"--dominant-color: #ea807b;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/recap_episode_8-1024x631.avif\" alt=\"\" class=\"wp-image-4411 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_8-1024x631.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_8-300x185.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_8-768x474.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_8-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_8-png.avif 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Indeed, daily mining revenue has fallen by more than 10% this week, down to $34.24 million. Mempool size reflects lower transaction congestion, which could be part of the reason why transaction fees have dropped. Nevertheless, they remain much higher than the average of the last few months. Meanwhile transaction value remained relatively stable this week. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Solo_Bitcoin_Miner_Hits_the_Jackpot_Earning_222K_in_Rewards\"><\/span>Solo Bitcoin Miner Hits the Jackpot, Earning $222K in Rewards<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In an impressive feat, a solo Bitcoin miner successfully processed a block on the network, earning 3.329 BTC in total rewards\u2014equivalent to $222,438. This reward combines the fixed 3.125 BTC block reward and transaction fees accumulated within the block, which contained 3,285 transactions. Such solo achievements are rare, as mining has become highly competitive and energy-intensive, typically dominated by large-scale operations running out of dedicated warehouses.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"2b7f81\" data-has-transparency=\"false\" style=\"--dominant-color: #2b7f81;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/Solominer-1-png.avif\" alt=\"\" class=\"wp-image-4413 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Solominer-1-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Solominer-1-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Solominer-1-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Solominer-1-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Solominer-1-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The April 2024 Bitcoin halving event doubled the challenge for miners by reducing the block reward from 6.25 BTC to 3.125 BTC. Despite the reduced rewards, occasional solo wins continue to demonstrate that individual miners can still occasionally solve blocks, even in a competitive landscape where mining is generally dominated by companies with extensive resources. Solo miners have seen luck strike multiple times this year, making substantial earnings in April, July, August, and September.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/decrypt.co\/288048\/solo-bitcoin-miner-jackpot-222k-reward\" rel=\"nofollow noopener\" target=\"_blank\">decrypt.co<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TeraWulf_to_Raise_350M_Through_Convertible_Notes_for_Share_Buyback\"><\/span>TeraWulf to Raise $350M Through Convertible Notes for Share Buyback<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitcoin mining company TeraWulf has announced plans to raise $350 million by offering convertible senior notes, which will help fund a $200 million share repurchase program. The notes, set to mature on February 1, 2030, include an option for initial purchasers to buy an additional $75 million within 13 days of issuance. This buyback program, authorized by TeraWulf\u2019s board of directors, is seen as a vote of confidence in the company\u2019s business strategy and financial position. The firm also plans to use the raised capital for corporate expenses and organic growth initiatives, including potential site acquisitions and expanding operations in high-performance computing (HPC) and AI.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"8e7671\" data-has-transparency=\"false\" style=\"--dominant-color: #8e7671;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/saving-png.avif\" alt=\"\" class=\"wp-image-4414 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/saving-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/saving-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/saving-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/saving-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/saving-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This move follows TeraWulf\u2019s recent sale of its 25% equity interest in the Nautilus facility for $92 million. Despite recent challenges faced by the mining industry due to Bitcoin\u2019s post-halving revenue drop, TeraWulf remains one of the leading public Bitcoin miners, producing 176 BTC in September. TeraWulf\u2019s stock has surged 178.26% year-to-date, evidence of strong investor confidence.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.theblock.co\/post\/322823\/bitcoin-miner-terawulf-plans-to-raise-350-million-through-convertible-notes-for-share-buyback\" rel=\"nofollow noopener\" target=\"_blank\">theblock.co<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Mining_Difficulty_Hits_All-Time_High_Heralding_Potential_Bull_Run\"><\/span>Bitcoin Mining Difficulty Hits All-Time High, Heralding Potential Bull Run<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitcoin&#8217;s mining difficulty reached a new peak of 95.67 terahashes (T), marking a 3.9% increase, according to <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;m=mining.DifficultyLatest\" rel=\"nofollow noopener\" target=\"_blank\">Glassnode data<\/a>. Mining difficulty, which adjusts approximately every two weeks, reflects the effort required to mine new blocks on the Bitcoin network. This adjustment aims to keep block times consistent at around 10 minutes. Since the start of 2024, difficulty has climbed 27%, driven by rising network hashrate, which recently crossed an unprecedented 700 exahashes per second (EH\/s). As difficulty and operational costs increase, less efficient miners are being pushed out, leading to industry consolidation. Over 30,000 BTC left miner wallets between November 2023 and July 2024 as smaller miners had to cash out in order to sort out their finances. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"587b82\" data-has-transparency=\"false\" style=\"--dominant-color: #587b82;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/miningdifficulty-1-png.avif\" alt=\"\" class=\"wp-image-4415 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-1-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-1-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-1-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-1-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningdifficulty-1-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This increase in mining difficulty coincides with growing mining revenue, which has risen above $35 million per day on a 7-day moving average, up by $10 million since September. <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;category=&amp;m=mining.RevenueSum\" rel=\"nofollow noopener\" target=\"_blank\">Glassnode data<\/a> suggests that when miner revenue surpasses the 365-day moving average, it has historically signaled the beginning of a Bitcoin bull run. With miner balances stabilizing and stronger players consolidating their positions, the industry appears poised for accelerated growth.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/10\/23\/bitcoin-mining-difficulty-hits-all-time-high-as-mining-revenue-rises-signals-upcoming-bull-run\/\" rel=\"nofollow noopener\" target=\"_blank\">coindesk.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BitFuFu_Expands_to_Ethiopia_to_Mitigate_Rising_Bitcoin_Production_Costs\"><\/span>BitFuFu Expands to Ethiopia to Mitigate Rising Bitcoin Production Costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Amid soaring operational costs, Wall Street-listed Bitcoin miner BitFuFu (NASDAQ: FUFU) is making a strategic move into Ethiopia by acquiring an 80-megawatt Bitcoin mining facility. This East African expansion aims to offset a 170% surge in the company\u2019s production expenses over the past year, which slashed its net profit by 75%. With energy costs in Ethiopia averaging below $0.04 per kilowatt-hour, the new site is expected to significantly reduce BitFuFu&#8217;s overall Bitcoin production costs. When fully equipped with the latest Bitmain S21-series miners, the facility is projected to add 4.6 EH\/s to the company\u2019s mining capacity.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"8c857b\" data-has-transparency=\"false\" style=\"--dominant-color: #8c857b;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/ethiopiawarehouse-png.avif\" alt=\"\" class=\"wp-image-4416 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/ethiopiawarehouse-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/ethiopiawarehouse-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/ethiopiawarehouse-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/ethiopiawarehouse-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/ethiopiawarehouse-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This acquisition aligns with BitFuFu\u2019s broader strategy to enhance profitability through cost-effective energy sourcing and technological upgrades. CEO Leo Lu emphasized that this move strengthens BitFuFu&#8217;s global competitive position and enables the company to innovate in energy-efficient mining. The shift towards direct ownership of mining facilities marks a pivot from BitFuFu\u2019s prior asset-light model, which relied on third-party hosting. As mining costs and industry challenges continue to rise, companies like BitFuFu are also exploring diversification into AI and high-performance computing to stabilize revenues and deliver long-term shareholder value.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.financemagnates.com\/cryptocurrency\/wall-street-bitcoin-miner-expands-to-ethiopia-to-combat-170-surge-in-production-costs\/\" rel=\"nofollow noopener\" target=\"_blank\">financemagnates.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"USB_Bitcoin_Miners_Affordable_Entry_But_No_Profits\"><\/span>USB Bitcoin Miners: Affordable Entry, But No Profits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>USB Bitcoin miners, often called &#8220;stickminers,&#8221; offer a beginner-friendly and inexpensive way to experience Bitcoin mining. Unlike traditional mining rigs, which are large, power-intensive, and costly, USB miners like the GekkoScience Compac F and NanoFury 2 are compact and require minimal power. They\u2019re perfect for those interested in understanding the basics of mining without a big upfront investment. However, their low hashrate and efficiency mean they yield minimal Bitcoin\u2014making them more of a hobby tool than a profit generator.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"ae7f80\" data-has-transparency=\"false\" style=\"--dominant-color: #ae7f80;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/USBMiner-png.avif\" alt=\"\" class=\"wp-image-4417 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/USBMiner-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/USBMiner-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/USBMiner-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/USBMiner-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/USBMiner-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>While USB miners are a great way to learn, they aren&#8217;t a viable option for those looking to make serious returns. Even the most powerful USB miner, the GekkoScience Compac A1, only mines about $8.70 worth of Bitcoin annually at current prices. Given the cost of the devices and operational expenses, it would take decades to break even. For real profits, traditional ASIC miners or cloud mining options remain the more effective choice.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/coincodex.com\/article\/50484\/usb-bitcoin-miner\/\" rel=\"nofollow noopener\" target=\"_blank\">coincodex.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Key_Drivers_Behind_Bitcoins_Surging_Hashrate\"><\/span>3 Key Drivers Behind Bitcoin&#8217;s Surging Hashrate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Bitcoin (BTC) hashrate recently achieved an all-time high, surpassing 925 EH\/s, driven by a combination of factors that support its growth and sustainability. First, Bitcoin\u2019s profitability remains a key incentive. Despite the halving reducing block rewards, miners are compensating through transaction fees and a steady hashprice, which even briefly rose above $50 per PH\/s. With projections of Bitcoin\u2019s price continuing to rise, profitable mining could endure, encouraging miners to keep their machines operational, thus boosting the hashrate further.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"566b8f\" data-has-transparency=\"false\" style=\"--dominant-color: #566b8f;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/risingchart-png.avif\" alt=\"\" class=\"wp-image-4418 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/risingchart-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/risingchart-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/risingchart-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/risingchart-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/risingchart-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Second, the industry is witnessing &#8220;natural selection&#8221; among miners. High operating costs and market volatility often push less financially stable miners out of business. This consolidation allows remaining miners to secure a larger share of the network, leading them to invest in additional machines and infrastructure. <br><br>Finally, diversification into AI services provides another revenue stream. Major players like Marathon Digital are establishing AI data centers alongside mining, making their operations more resilient and increasing hashrate stability. These strategic moves demonstrate the adaptability of modern mining operations, setting the stage for continued growth in the BTC hashrate.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/coingape.com\/3-reasons-why-bitcoin-btc-hashrate-hits-new-ath-of-over-925-eh-s\/\" rel=\"nofollow noopener\" target=\"_blank\">coingape.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Voter_PAC_BTC_Miners_Rally_Behind_Pro-Crypto_Candidates\"><\/span>Bitcoin Voter PAC: BTC Miners Rally Behind Pro-Crypto Candidates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A group of Bitcoin miners, including Riot Platforms, CleanSpark, and Mara Holdings, has joined forces to support the Bitcoin Voter PAC, a political action committee focused on electing pro-crypto candidates in the upcoming 2024 U.S. elections. The PAC\u2019s website features promotional videos endorsing candidates like Donald Trump and Senator Ted Cruz, both of whom are vocal supporters of the cryptocurrency industry. The organization advocates for \u201cfinancial freedom\u201d and aims to protect U.S. innovation in the digital currency sector, emphasizing a regulatory environment that supports, rather than restricts, crypto growth.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"b8728e\" data-has-transparency=\"false\" style=\"--dominant-color: #b8728e;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/voting-png.avif\" alt=\"\" class=\"wp-image-4419 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/voting-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/voting-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/voting-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/voting-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/voting-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The PAC\u2019s push comes at a time when crypto firms are increasing financial support for pro-crypto candidates amid ongoing regulatory challenges with agencies like the SEC. Since campaign season began, cryptocurrency businesses and stakeholders have contributed over $190 million, including $10 million from the Winklevoss twins. The Bitcoin Voter PAC hopes to secure a favourable political landscape for crypto by backing candidates who prioritize decentralized finance and sound monetary policies that limit government intervention.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.cryptopolitan.com\/several-btc-miners-behind-bitcoin-voter-pac\/\" rel=\"nofollow noopener\" target=\"_blank\">cryptopolitan.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Miners_Aim_for_100_Hashprice_as_Market_Dynamics_Shift\"><\/span>Bitcoin Miners Aim for $100 Hashprice as Market Dynamics Shift<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As Bitcoin\u2019s price fluctuates between $61,200 and $68,500, miners face new profitability challenges following the April halving, which cut block rewards from 6.25 BTC to 3.125 BTC. Currently, hashprices\u2014representing estimated daily earnings per petahash\u2014have risen from August\u2019s low of $37 per PH\/s to approximately $47.88, but miners still need a BTC price surge to restore hashprices above $100 per PH\/s. Based on stable difficulty, transaction fees, and equipment efficiency, Bitcoin would need to reach between $135,500 and $171,000 to reach those levels. However, real-world variables, including on-chain fees and mining difficulty, are constantly shifting, impacting miners&#8217; revenue.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"a67d76\" data-has-transparency=\"false\" style=\"--dominant-color: #a67d76;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/aiming-png.avif\" alt=\"\" class=\"wp-image-4420 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aiming-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aiming-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aiming-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aiming-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aiming-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Mining efficiency advancements from leading manufacturers like Bitmain and MicroBT further complicate projections, as newer models provide improved joules per terahash efficiency and higher hashrates. These developments enable miners to maximize returns, but steady price increases remain essential in order to sustain high hashprices. <\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/news.bitcoin.com\/the-next-big-leap-for-bitcoin-miners-what-it-takes-to-reach-100-hashprice\/\" rel=\"nofollow noopener\" target=\"_blank\">Bitcoin.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Core_Scientific_and_the_Rising_Intersection_of_Bitcoin_Mining_and_AI_Hosting\"><\/span>Core Scientific and the Rising Intersection of Bitcoin Mining and AI Hosting<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitcoin miner Core Scientific is broadening its AI footprint through a major partnership with cloud-computing firm CoreWeave. The two firms plan to develop 500 megawatts of AI infrastructure over the next 12 years, an endeavour projected to bring in $8.6 billion in revenue. While this shift may seem like a response to lower post-halving mining profits, Core Scientific\u2019s AI involvement dates back to 2019. By building application-specific data centres with GPUs for both Bitcoin and AI applications, Core Scientific has long been positioned in the AI sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"6a7f78\" data-has-transparency=\"false\" style=\"--dominant-color: #6a7f78;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/aihosting-png.avif\" alt=\"\" class=\"wp-image-4421 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aihosting-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aihosting-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aihosting-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aihosting-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/aihosting-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Unlike Bitcoin mining, which can tolerate periodic power fluctuations, AI hosting requires constant uptime and robust cooling solutions, adding operational complexity and expenses. This strategic alignment with CoreWeave capitalizes on Core Scientific\u2019s background in data centre management, enabling it to quickly scale operations and meet AI\u2019s growing demand for processing power.<\/p>\n\n\n\n<p>This evolution reflects a broader trend as Bitcoin miners increasingly leverage their infrastructure for AI and high-performance computing (HPC) services. Both industries share similar needs for computational power, energy access, and strategic location\u2014making diversification into AI a natural fit, especially after April\u2019s halving event reduced Bitcoin mining rewards. As these sectors intersect, they mark a shift towards more versatile, sustainable uses of high-compute facilities, paving the way for a data-driven future where Bitcoin mining and AI hosting operate side-by-side.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.coindesk.com\/business\/2024\/10\/23\/bitcoin-miners-are-pivoting-to-ai-to-survive-core-scientific-entered-the-race-years-ago\/\" rel=\"nofollow noopener\" target=\"_blank\">CoinDesk<\/a><\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/news.bitcoin.com\/bitcoin-mining-vs-ai-hosting-the-unexpected-parallels-unveiled\/\" rel=\"nofollow noopener\" target=\"_blank\">Bitcoin.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Network Overview This week the Bitcoin network hash rate reached a new peak at almost 800 EH\/s but came down towards the end of the week again. As a consequence of the high hash rate, mining difficulty grew quite significantly, and is not sitting at an all time high. This, combined with Bitcoin prices has&#8230;<\/p>","protected":false},"author":7,"featured_media":4426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[68],"tags":[150,145,144,100,148,49,149,55,147,76,143,81,146],"class_list":["post-4410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining-recap","tag-ai","tag-bitfufu","tag-bull-run","tag-difficulty","tag-election","tag-ethiopia","tag-hashprice","tag-hashrate","tag-pac","tag-solo-miner","tag-solo-mining","tag-terawulf","tag-usb-miners"],"taxonomy_info":{"category":[{"value":68,"label":"Mining 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