after 2024 halfBitcoin mining entered its fifth era and the bonuses of the mass were reduced from 6.25 BTC to 3.125 BTC. This forced mine workers to rethink their operations, improve efficiency, reduce energy costs and upgrade devices to remain profitable. Cointelegraph research, with visions of industry experts at UMINERS, is looking for this transformation in his latest report. Cover the analysis Asik Efficiency improvements, company performance, geographical expansion and new revenue forms. While mining workers adapt, Bitcoin moves to a new era where institutional momentum and sovereign adoption can redefine their role in the global financial system.
The mining industry response to the height of the margin and the shrinking margins
Despite the negative financial impact of half, Bitcoin network fragmentation Continue climb. As of May 1, 2025, the total calculation of the network was 831 EH/S. Earlier in the month, Retail It reached its peak at 921 EH/S, with a 77 % decrease of 2024 from 519 EH/s. This rapid recovery emphasizes the unavoidable industry campaign for efficiency, as the largest mining companies re -invest in fleet promotions and improve energy to maintain profitability.
The mining arms race has always been around energy efficiency. With the high energy costs, the latest ASIC models from Portraitand Microbe and Canaan The required energy is improved for each fragmentation. Antminer S21+ from Bitmain 216 th/S is delivered at 16.5 J/T, while Microbt’s WhatsMiner M66s+ Pays the performance of indulgent to 17 J/th. Meanwhile, TSMC and Samsung giants lead the next wave of innovation, with 3 nm chips already used and 2 nm technology on the horizon.
Profit after half: the global shift towards low -cost energy
The profitability of bitcoin mining was greatly stressed after half. RetailDaily revenue for each Terhash in a second, from $ 0.12 in April 2024 to about $ 0.049 by April 2025. At the same time, The network has risen to the highest level ever at 123tWhich makes it difficult for miners to generate returns. To maintain a competitiveness, processes must extract the maximum value from each watt of the energy consumed. This shift has increased the search for cheap and reliable power, causing the expansion of mining to areas where energy costs remain low.
Electricity pricing now dictates mining profitability. In Amman, miners licensed from the government-backed support benefit, as they obtained electricity from 0.05 to 0.07 dollars per kilo of an hour, while in the United Arab Emirates, semi-governmental projects operate at rates less than 0.035 dollars -0.045 dollars per kilowatt hour. These incentives have turned the region into a primary mining destination. Meanwhile, in the United States, where industrial energy costs exceed $ 0.1 per kilowatt hour, miners face shrinkable margins, forcing migration towards costly efficient locations. Africa, the Middle East and Central Asia have emerged as a major basis in this race, providing the energy arbitration opportunities that miners need to survive.
What is the next bitcoin mining?
Half 2024 reinforced a difficult fact: efficiency is no longer optional; It is a necessity. The industry turns towards smaller and most improved processes, as only the most efficient miners can flourish. rise You have computingand Global organizational transformations The developments of the continuous agencies will continue to form the sector over the next 12 to 18 months.
Cointelegraph Research’s Bitcoin Mining Report: Removes and Trends after half Provides data -based details for the main forces that make up mining profitability, infrastructure investments, and strategic decisions.
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