Over the past decade, bitcoin mining thrived on predicting price surges after halvings. However, a new report by Wintermute indicates this reliance has ended as bitcoin matures into an institutional asset, disrupting previous profitability cycles. Diminishing Returns in the Post-Institutional Era For over a decade, bitcoin mining relied on a simple gamble: weather quadrennial halvings […]
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Key TakeawaysGrayscale estimates Zcash rewards at twice Bitcoin’s daily rewards per rig.Zcash mining activity has increased more than 2.5 times this year.Electricity, equipment, and operating costs shape actual...
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