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BITCOIN MINING IS UNDER PRESSURE.
For only the 2nd time in Bitcoin’s history, mining difficulty is lower year-over-year.
The first time was in 2021, after China banned Bitcoin mining.
This time, low bitcoin:native price, very low fees and lower Hashprice are hurting miners.
Less efficient miners are shutting down.
Even after BTC’s recent recovery, Hash Rate has not recovered much - while more energy and infrastructure are moving toward AI and HPC.
With MRX TGE just around the corner, this AMA is a great opportunity to get clear answers directly from the team.