Bitcoin network hits record level of power, but falling profits push miners to AI

By CNBC | Sep 14, 2024 at 08:12 AM EST

$Bitcoin network hits record level of power, but falling profits push miners to AI$

The Bitcoin 2024 conference highlighted a 12% rise in Bitcoin's value and a record high network hash rate. However, profitability in mining has decreased, reflecting the industry's increased competition and reduced revenue per miner.

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