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We actually just posted about this on Hashrate Index this morning! https://hashrateindex.com/blog/bitcoin-difficulty-is-down-year-over-year-for-the-second-time-ever/?ref=weekly-roundup-newsletter
tl;dr, this is only the second year in history where difficulty is down YoY.
This is because of AI demand for watts alongside the deepest mining bear market we've ever experienced.
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Cool! I hadn't seen that yet! Looking forward to reading it.
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Are all the Bitcoin miners going to pivot to AI?
More seriously, do you think the days of endless increases in hash rate are over?