Why this is the worst crypto winter ever: AI crowds out BTC for mindshare and power grid access, crypto is mainstream, gold beats BTC as a safe haven, and more
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Why this is the worst crypto winter ever: AI crowds out crypto for mindshare and power grid access, crypto is mainstream, gold beats BTC as a safe haven, more
and delivered. A few who stayed to push “adoption” got rich.The Plebs got smoked In the meantime China caught up with AI. The rest is just shaving.Mario S. /@covered_call:According to Artemis data DAT...
Publicly traded Bitcoin miner Bitfarms says it will wind down its BTC operations and pivot to AI infrastructure, after reporting Q3 net loss up 92% YoY to $46M
Bitcoin miner Bitfarms will end its Bitcoin operations in the coming years, shifting focus to providing infrastructure for growing AI demand.
Bitcoin's next halving, set for around April 20, will cut miners' earnings for validating transactions from 900 BTC to 450, costing them ~$10B in annual revenue
- Cryptocurrency's update will slash new supply in late April — Competition for favorable electric rates growing from AI firms