Bitcoin Miners: It\’s a Race!

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Oh. My. God. Apparently, things are happening in the world of Bitcoin mining. Like, seriously. It’s not just those mega-corporations hoovering up all the digital gold anymore. The slightly-less-mega corporations are… catching up? After the 2024 halving, naturally. Because everything needs a dramatic event to trigger it, doesn’t it? 🙄

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Hashrate, apparently, is about computational power. Realized hashrate is about… actually doing the computing? Look, I’m no IT expert. Honestly, I just try to get my Wi-Fi working.

For publicly traded miners, its a closer indicator of revenue potential? Good to know. Honestly, it’s all terribly complicated. I’m starting to understand why people just stick to complaining about the weather. 🌦️

Mining debt surges to $12.7 billion

So, they’re borrowing a lot of money. For more rigs, AI infrastructure… basically, just more stuff. The total debt is now $12.7 billion – up from a mere $2.1 billion last year. Suddenly my credit card bill seems…manageable?😅

VanEck research says miners need to keep upgrading their hardware, or they’ll fall behind. It’s a constant arms race, apparently. A digital arms race. Which, let’s face it, sounds terrifying. 🤖

Some are trying AI to make more money, because Bitcoin margins have dropped after the halving. Diversification! It’s a sensible idea, I suppose. Although I mostly diversify between different types of cheese. 🧀

Basically, it’s “scale or die” for these companies. The pressure is on. I can feel their stress from here. Honestly, you’d think they’d just all take a holiday. Everyone needs a holiday. Especially people dealing with exahashes.

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2025-10-26 16:03