In actual fact, the present bitcoin mining issue is at historic highs, with computing energy leaping over 100% in 2023. CoinShares predicts this to fall off after the halving with a “miner exodus.” The corporate additionally mentioned the “common value of manufacturing per coin” may normalize at slightly below $38,000 post-halving, given the difficult interrelation between {hardware} and electrical energy prices, issue ranges and the fee buildings that decide whether or not sure miners are making or shedding cash, which determines what number of miners are on the community.
