Crypto Miners Adjusting to New Regime, Leaning Into AI
September 26, 2024 at 08:15 AM EDT
Earlier this year, bitcoin went through its latest quadrennial halving, which reduces the rewards accrued by miners of the largest cryptocurrency, thus boosting its scarcity. Increased difficulty in the bitcoin mining process can lead to higher costs in the form of increased energy output and lower profits due to the reduced rewards. On the surface, that [...] The post Crypto Miners Adjusting to New Regime, Leaning Into AI appeared first on ETF Trends .