Difficulty Signals Mining Contraction

Saifedean argues bitcoin mining electricity consumption and capital expenditure may have peaked, and presents the argument as a testable hypothesis, and discusses the long-term implications for bitcoin, mining, and AI.

Full Article:

https://saifedean.substack.com/p/bitcoin-electricity-consumption-may
https://x.com/saifedean/status/2099782818138128866

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