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Bitcoin Miners Go Completely Insane After Halving: Watch as They Frantically Try to Hold on to a Dying Industry

A  illustration of a group of Bitcoin miners frantically trying to hold onto mining rigs as they are being swept away by strong winds, symbolizing the industry's struggles with high costs and declining revenues.

The Bitcoin mining circus continues, folks! It’s a real spectacle of incompetence as these self-proclaimed ‘entrepreneurs’ try to make sense of the chaos they’ve created.

Source: cointelegraph

Bitcoin (BTC) miners are cutting costs and embracing artificial intelligence as the industry continues to grapple with the consequences of the network’s April halving, cryptocurrency asset manager CoinShares said in an Oct. 28 report. The increasing cost and difficulty of mining BTC has resulted in highly varied outcomes among Bitcoin miners, according to CoinShares’ Q3 mining report. “The Bitcoin mining industry has faced significant challenges this year, with revenues and […]

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