CryptoMining

The Bitcoin network has experienced a dramatic turnaround – after a steep drop of over 20% in mining power, the network’s hashrate rebounded by more than 30% in just 24 hours, nearly returning to its all-time highs. What’s happening behind the scenes in the world of Bitcoin mining?

🔻 Sudden Drop, Rapid Recovery
Just days ago, Bitcoin's total network hashrate dropped to around 660 EH/s, the lowest level since the summer of 2024. This sharp decline coincided with rising geopolitical tensions, particularly U.S. airstrikes on Iran and subsequent retaliation.
Some speculated that part of the mining capacity was taken offline as a precautionary move affecting regional data centers.
But within a single day, a sharp reversal occurred – the hashrate surged by over 30%, returning to values above 1000 EH/s.

☀️ Heat Waves Disrupt Mining Operations
Another explanation comes from the United States, specifically Texas, one of the main Bitcoin mining hubs. Extreme heatwaves hit the region, significantly increasing cooling demands and operational costs. As a result, many mining facilities were temporarily shut down.
Such seasonal disruptions aren’t unusual – Bitcoin mining often depends on hydroelectric power, which can be less available during summer, or serves as a balancing mechanism for overburdened power grids.
While Iran currently accounts for only 0.12% of the global hashrate, the U.S. leads with over 37%, thanks to corporate-backed mining centers and professional pools.

📉 Lower Difficulty Brings Relief to Miners
In June, the Bitcoin network’s mining difficulty dropped by 9%, easing pressure on miners. With the price of Bitcoin above $107,000 and the estimated cost of producing one BTC around $98,000, the potential for profitability is back.
The next difficulty adjustment is expected on June 29. Given the recent slower block production, analysts expect a further 7.9% reduction, which would encourage more miners to return online.
This trend reflects the strategic nature of modern mining: some pools temporarily shut down if costs outweigh rewards, only to resume when conditions improve.

📊 The New Normal: Larger Data Centers and Coordinated Strategy
Bitcoin mining is no longer the domain of solo hobbyists. In 2025, the field is dominated by large-scale professional data centers and coordinated mining pools. The industry has matured, and miners now dynamically adjust their operations based on market conditions, weather, and energy availability.

#hashrate , #bitcoin , #CryptoMining , #BTC , #CryptoNews

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Will Tariffs End the Golden Age of Bitcoin Mining in America?*
Bitcoin mining has experienced explosive growth in the United States over the past four years, transforming the country into the world’s largest producer of Bitcoin by hashrate. This surge was largely fueled by China’s 2021 crypto ban, which forced miners to relocate—with the U.S. emerging as the biggest winner.
However, the industry’s rapid expansion may soon face headwinds. Former President Donald Trump’s proposed tariffs on imported goods—including ASICs, the specialized machines used in Bitcoin mining—could increase costs for U.S. miners. While these tariffs (ranging from 10% to 50%) are unlikely to be catastrophic, they may slow down the pace of growth, according to industry experts.
But tariffs aren’t the only challenge. An even bigger factor could be the explosive demand for AI data centers, which are competing for the same key resources: power and infrastructure. As tech giants and startups alike race to build out AI capacity, electricity costs may rise, and access to favorable energy contracts could become more competitive—potentially squeezing Bitcoin miners out of the market.
So, will tariffs alone end Bitcoin mining’s golden age in America? Probably not. But between rising operational costs and the AI boom, the industry’s breakneck expansion may soon face a reality check.
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1. 🚨 What’s Changing: Higher Costs on Imported ASICs and Gear
Tariff hike on Chinese-made rigs: As of April 2025, U.S. tariffs on Bitcoin $BTC mining hardware from China have surged to as much as 145%, combining layers of baseline, retaliatory, and reciprocal levies  . That means a $10,000 Chinese ASIC now carries an extra $14,500 in tariffs.Southeast Asia pause — but still pricey: Countries like Thailand, Malaysia, Indonesia, Vietnam, Cambodia, and South Korea enjoy a temporary 90‑day reduction to a flat 10%, down from previously threatened 24–49%.Universal baseline still applies: Even during the pause, a 10% tariff remains on almost all imported mining equipment.Bottom line: U.S. miners now face dramatically higher capital expenditures unless they source equipment from exempt countries — an expensive short‑term workaround.
2. What Isn’t Changing: Bitcoin $BTC Network Resilience & Tariff Exemptions
Mining network remains secure: Experts agree that these tariffs don’t threaten Bitcoin’s $BTC global network integrity.Some electronic gear excluded: The “Liberation Day” tariff exemptions include “smartphones, computers and various electronic parts,” but ASIC miners aren’t on that list.National security carve-out in progress: Groups like the Digital Energy Council are petitioning the Commerce Department to reclassify ASIC miners as standard computing equipment — potentially exempt from tariffs . That process is underway but not finalized.
3.Industry Responses: Adaptation in Motion
Stockpiling rigs: U.S. miners rushed imports ahead of the 90‑day tariff implementation and are taking advantage of the pause window.Domestic production ramp-up: Major ASIC firms — Bitmain, Canaan, and MicroBT — are opening or expanding manufacturing in the U.S. to sidestep tariffs.Supply chain fragmentation: While localized production increases resilience, full vertical integration (components to assembly) remains elusive.Shifting mining geography: With U.S. costs climbing, miners are exploring alternatives like Canada, Kazakhstan, Brazil, Ethiopia, and Paraguay.
4. Long-Term Impacts: A Fork in the Road:
🔧 Rising CapEx & Slower U.S. Buildout
Tariffs amplify hardware costs (30–40% of mining expenditures), dampening new domestic projects.
📉 Hashrate Balance Could Shift
While U.S. still holds over 37–40% of global hashrate, growth could slow or reverse as miners chase cheaper environments.
🏭 Domestic Industry Gains
Local manufacturing boosts jobs, security, and supply reliability — but U.S. costs remain higher than Asia, so scaling will be gradual.
⚖️ Regulatory & Economic Uncertainty
Policy volatility — evolving tariff negotiations and possible reclassifications — forces miners to remain nimble.
5. What Won’t Be Affected by Tariffs:
Hash power security: Bitcoin’s decentralization and technical security remain unimpacted.Global chip supply: Tariffs don’t impede chip production, just final assembly and circuit integration — supply chains will adapt over time.Crypto market sentiment: Tariffs alone won’t drive long-term price trends — broader macro and geopolitical factors prevail.

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The Norwegian government is planning a significant crackdown on cryptocurrency mining operations. At the center of the proposed regulation are facilities using the "proof-of-work" method, which underpins the Bitcoin network but is known for consuming vast amounts of energy. If approved, the ban could come into effect by fall 2025.

According to Norwegian Minister of Digitalization Karianne Tung, the goal is to free up the country's energy capacity for more efficient and productive sectors such as industry and artificial intelligence. “Crypto mining consumes a lot of electricity but brings little in terms of jobs or benefits to local communities,” Tung emphasized.

🔌 Bitcoin Mining vs. Efficiency

Norway has long been a hotspot for miners, thanks to its cheap and clean hydropower. Companies like Kryptovault operate data centers with capacities of up to 40 MW, and some recycle heat to dry wood or heat buildings. Despite this, the government now sees such mining as inefficient compared to other uses of power that contribute more to society.

📉 How Big Is Norway's Role in Bitcoin Mining?

Although the country is popular among miners, its global impact remains limited. Norway accounts for only about 0.74% of Bitcoin's total hash rate and ranks 11th globally among mining countries.

❗ What Would the Ban Mean for BTC?

In the short term, the impact might be minimal. But in the long run, such regulations add fuel to the global debate about the sustainability of cryptocurrency mining and whether decentralized finance should become more environmentally friendly.

#norway , #CryptoMining , #BAN , #Regulation , #CryptoUpdate

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🔹 Tether, the issuer of the largest stablecoin USDT, has announced an ambitious plan: to become the top Bitcoin miner by 2025. CEO Paolo Ardoino claims the goal isn’t just mining itself, but primarily strengthening the security of the Bitcoin network.
🔹 Although Tether has not disclosed its total hash rate, it has been investing in energy infrastructure in Uruguay, Paraguay, and El Salvador. The company also holds undisclosed stakes in various mining firms.

From Whale to Miner?
Tether is already among the largest “whales,” holding over 100,000 BTC as a long-term reserve. Now the company plans to take the next step—actively contributing to network security through its own mining operations.
In the Big Brain podcast, Ardoino said that while Tether hasn't yet built large-scale mining facilities, its involvement in the Bitcoin ecosystem makes this a natural progression. He believes Tether will become the largest BTC miner by the end of this year.
“If you have a million dollars, it’s always more profitable to just buy Bitcoin than to invest in mining. But in our case, given how exposed we are to Bitcoin, it's important to be part of the network’s security,” Ardoino said.

Tether Turns to Ocean Pool
Tether plans to focus its mining activities primarily in Ocean Pool, a relatively small mining pool currently operating at around 9.6 EH/s. In comparison, industry leaders like Mara Holdings and CleanSpark operate with more than 57 EH/s.
Ocean Pool stands out for offering fee-free access and supports direct, decentralized payouts for all participants. If Tether is serious about becoming a major mining force, we may soon see Ocean Pool’s hash rate climb.

Bitcoin Network Shifts – Tether May Seize the Moment
Recently, the Bitcoin network’s hash rate dropped to a six-month low of approximately 700 EH/s. This translates into lower network difficulty and easier mining conditions—just as BTC has recovered to over $107,000, keeping block production profitable for most miners.
Today, most miners pool their resources—solo operations are increasingly rare.

Tether Won’t Go Public, But It’s Betting on Mining
Although Tether has accumulated large amounts of BTC over the years, it has never positioned itself as a treasury-style company. It also denied rumors of going public or tying the value of its shares to Bitcoin.
Earlier this year, Tether announced plans to allocate another $500 million to Bitcoin mining. So far, however, its known wallets show no clear signs of incoming BTC from mining activities—raising questions about the current scale of its operations.

Conclusion: Tether Sets Its Sights High – But Can It Deliver?
Tether wants to be a major player in Bitcoin mining. Yet it remains unclear whether it has the capacity to compete with established miners running tens of EH/s. If Tether fulfills its vision, it could dramatically reshape the mining landscape while reinforcing its role as a Bitcoin network protector.

#Bitcoinmining , #Tether , #CryptoNewss , #BTC , #CryptoMining

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Уряд Норвегії планує запровадити тимчасову заборону на нові енергоємні дата-центри для майнінгу криптовалют, зокрема $BTC , щоб зберегти електроенергію для інших секторів. Як повідомила міністр цифровізації Каріанне Тунг, уряд партії праці має намір обмежити діяльність через високе енергоспоживання та мінімальний економічний внесок. Заборона може набути чинності до осені 2025 року. Норвегія, відома дешевою гідроенергією, приваблювала майнерів, але екологічні побоювання змусили переглянути політику. Експерти зазначають, що це рішення може вплинути на 0,74% глобального хешрейту, який генерують норвезькі ферми.
Хоча повного бану на майнінг поки немає, нові регуляції вимагатимуть від дата-центрів реєстрації та звітності. Критики вважають, що заборона може підвищити ціни на електроенергію для населення, як це сталося після закриття ферми Kryptovault у 2023 році, коли рахунки зросли на 20%. Водночас уряд наполягає на пріоритеті "суспільно корисних" проєктів. Майнери можуть бути змушені перенести операції за кордон, що ускладнить їхню діяльність.
Ситуація в Норвегії відображає глобальний тренд до стримування енергоємного майнінгу. Слідкуйте за розвитком подій!
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