Miners hope BTC’s surge lasts as AI suddenly looks less of a sure thing

Homepage > News > Business > Miners hope BTC’s surge lasts as AI suddenly looks less of a sure thing The BTC token’s recent price surge has given the network’s block reward miners something to celebrate, even as their artificial intelligence (AI) pivots are suddenly looking less like a sure thing. BTC surge comes just as U.S. states start reining in AI pivots BitFuFu hopes to profit off ‘less crowded’ mining sector Hive Digital says all its growth is now AI, not mining Bit Digital done with BTC, but mining still earning more than ETH staking Tether’s Uruguay mining debacle revealed Enegix to pivot ‘significant’ chunk of Kazakhstan mining ops to AI/HPC The BTC token’s price surged close to US$80,000 over the past week, but it hasn’t done much to improve mining economics, as the average all-in cost of mining a single BTC—including the periodic replacements of older, slower ASIC rigs with newer, faster models—rose in tandem, topping $104,000 as of Tuesday evening. Last week, the BTC network’s mining difficulty rate fell 1.3% to 125.8 trillion hashes—the average number of guesses required to ‘find’ a block and claim the 3.125 BTC block reward—and is currently projected to fall...