Following the 2024 halving, Bitcoin mining transitioned into its fifth epoch, reducing block rewards from 6.25 BTC to 3.125 BTC. Miners had to adapt by optimizing operations, cutting costs, and upgrading hardware to stay profitable. Cointelegraph Research, in collaboration with Uminers, explores this evolution in a recent report. The analysis delves into ASIC efficiency enhancements, corporate performance, geographical expansion, and new revenue models. Despite the financial challenges post-halving, Bitcoin's network hashrate has steadily increased, reaching 831 EH/s by May 1, 2025. The industry's focus on energy efficiency is evident in the latest ASIC models from Bitmain, MicroBT, and Canaan. The report also highlights the impact of electricity pricing on mining profitability, driving operations to seek cost-effective energy sources globally. The future of Bitcoin mining lies in efficiency, innovation, and strategic decision-making amidst evolving market dynamics. Read more AI-generated news on: https://app.chaingpt.org/news

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