Forward from: NFTs Crypto💰
⚒️ In 2024, the price of BTC rose 110%, but only 7 out of 25 mining companies were profitable.
After halving, the reward per block dropped to 3.125 BTC, and miners' revenue fell from $100 million to $42 million.
The complexity of mining increased by 50%, driving up costs.
In total, the companies raised $2.2 billion and began to diversify their business, including AI projects.
🎨Non | Fungible | Tokens
Business Tips💳 | Crypto❤️
After halving, the reward per block dropped to 3.125 BTC, and miners' revenue fell from $100 million to $42 million.
The complexity of mining increased by 50%, driving up costs.
In total, the companies raised $2.2 billion and began to diversify their business, including AI projects.
🎨Non | Fungible | Tokens
Business Tips💳 | Crypto❤️