The cost of mining Bitcoin is expected to rise as the computing capacity needed for mining is predicted to expand by around 30% by 2027. This increase in computing power will put pressure on miners to find cheaper power deals and better equipment. The hashrate, which is the amount of computing power needed to mine a block, is on track to reach 1 zettahash per second before the next halving event in about 3.5 years. The average hashrate could reach 1,000 exahash per second by 2027, leading to higher energy costs for miners. The difficulty of mining a block is also increasing, further adding to the challenges faced by miners. To adapt to the tougher market conditions, miners are using advanced strategies and infrastructure to optimize returns and increase efficiency. Artificial intelligence is also being used to improve performance and cut expenses in Bitcoin mining operations.
- Content Editor ( cryptopolitan.com )
- 2025-01-03
Bitcoin’s computing power could rise 30% by 2027 – Is BTC mining profitable anymore?