The 2036 Issue: Bitcoin Mining Is Dead, Long Live the Miners!
Bitcoin mining is facing significant challenges as hashprice reaches an all-time low, impacting miners' revenues. The industry is experiencing a shift as miners pivot towards AI and decommission older ASIC equipment. This situation raises questions about the future viability of Bitcoin mining as the block subsidy continues to decrease.
- ▪Bitcoin hashprice has hit an all-time low of $28.90 per petahash per day.
- ▪Miners are experiencing historically low revenue compression, leading to negative difficulty adjustments.
- ▪The block subsidy for Bitcoin will decrease to 0.78125 BTC by 2036.
Opening excerpt (first ~120 words) tap to expand
.tdi_44{min-height:0} .tdi_46,.tdi_46 .tdc-columns{min-height:0}.tdi_46,.tdi_46 .tdc-columns{display:block}.tdi_46 .tdc-columns{width:100%}.tdi_46:before,.tdi_46:after{display:table}.tdi_46{padding-top:22px !important}.tdi_46 .td_block_wrap{text-align:left} .tdi_48{vertical-align:baseline}.tdi_48>.wpb_wrapper,.tdi_48>.wpb_wrapper>.tdc-elements{display:block}.tdi_48>.wpb_wrapper>.tdc-elements{width:100%}.tdi_48>.wpb_wrapper>.vc_row_inner{width:auto}.tdi_48>.wpb_wrapper{width:auto;height:auto} HomePRINTThe 2036 Issue: Bitcoin Mining Is Dead, Long Live the Miners! { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [{ "@type": "ListItem", "position": 1, "item": { "@type": "WebSite", "@id": "https://bitcoinmagazine.com/", "name": "Home" } },{ "@type": "ListItem",…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Bitcoin Magazine.
Discussion
0 commentsMore from Bitcoin Magazine
