George Kaloudis was a research analyst and columnist for CoinDesk.
Bitcoin is up 7% over the last five days. You know what that means? Bitcoin mining is so back are up double-digit percentage points.
has only increased slightly over the last five days rather than increase by 7% as one might expect. Of course, hashrate not reacting immediately and proportionally to a bitcoin price increase is good for the public companies. “A lot of these bitcoin miners are just talking about how they can do AI when in reality they aren’t able to do it,” Foxley told CoinDesk.. One of the reasons is that it requires a company to shift to a short-term, quarterly earnings-focused mindset when long-term goals should be the focus. It also makes it such that if a company is struggling, everyone knows, which can make a company vulnerable.cut deeply into miners’ revenue prospects.
“By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute,” said Adam Swick, Marathon’s chief growth officer, in a statement.
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