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I just saw that Bitcoin's hash rate has dropped significantly in recent months. It fell to around 993 EH/s, which is the lowest level in nearly four months. Compared to the peak of 1,157 EH/s we saw in October, that's a nearly 15% drop. Quite substantial.
The interesting part is that miners are shifting their computational power toward artificial intelligence. According to Leon Lyu, CEO of StandardHash, miners are seeking better profit margins by redirecting electricity toward AI services. It makes sense because Bitcoin mining in 2025 looks challenging with tighter margins.
So while Bitcoin mining difficulty has decreased and revenue indicators have improved slightly, the competition for electricity and resources remains fierce. AI is consuming a lot of computational power, and that continues to pressure the network's hash rate. Some miners are directly exploring alternative businesses instead of fighting over resources. It's an interesting move to watch how this evolves.