Saifedean Ammous: Bitcoin mining and its energy consumption may have peaked
- —Ammous believes BTC mining energy consumption has peaked
- —The reason is falling miner profitability
- —Competition for energy with AI data centers is weighing on the industry
- —The forecast is a long-term contraction of the mining sector
Why it matters: A contraction in mining would reduce hashrate and the supply of new BTC, which could support the price in the long term.
Source: CriptoNoticias