{"id":134754,"date":"2024-08-02T14:00:10","date_gmt":"2024-08-02T11:00:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134754"},"modified":"2024-08-02T02:19:32","modified_gmt":"2024-08-01T23:19:32","slug":"how-ai-and-new-targets-are-transforming-bitcoin-mining-in-2024","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/how-ai-and-new-targets-are-transforming-bitcoin-mining-in-2024\/","title":{"rendered":"How AI and New Targets are Transforming Bitcoin Mining in 2024"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/x.com\/novogratz\/status\/1819037016614465781\" target=\"_blank\" rel=\"nofollow\">praised<\/a> <\/strong>the industry\u2019s \u201cremarkable resilience\u201d amidst economic challenges and shared insights from a Galaxy Digital report on the latest trends in mining.<\/p>\n<p>One of the standout developments this year is the integration of cryptocurrency mining with artificial intelligence (AI) and high-performance computing (HPC). According to Novogratz, this convergence is transforming the mining landscape, opening up new opportunities and increasing the demand for power.<\/p>\n<p>Galaxy Digital has updated its forecast, now predicting a year-end hashrate target of 775 EH. The firm anticipates that public miners could manage up to 30% of the network\u2019s hashrate and expects a significant improvement in mining efficiency. However, the rollout of new mining equipment still faces uncertainties.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/microstrategy-expands-bitcoin-holdings-reports-q2-loss\/\" title=\"MicroStrategy Expands Bitcoin Holdings, Reports Q2 Loss\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/microstrategy-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">MicroStrategy Expands Bitcoin Holdings, Reports Q2 Loss<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>For Bitcoin mining to sustain healthy growth, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin prices<\/a> <\/strong>need to stay between $65,000 and $70,000. If prices fall below this range, mining could become economically unfeasible. Additionally, Bitcoin mining difficulty saw a notable decrease, dropping below 80 T in July for the first time since the last halving.<\/p>\n<p>In the first quarter of the year, Bitcoin mining firms attracted a record amount of equity capital to enhance cash reserves and boost equipment efficiency. Galaxy Digital predicts that this trend of capital raising will continue in the latter half of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Novogratz, a prominent figure in the cryptocurrency world, recently highlighted that 2024 is a critical year for Bitcoin mining.<\/p>\n","protected":false},"author":3,"featured_media":38390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-134754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How AI and New Targets are Transforming Bitcoin Mining in 2024<\/title>\n<meta name=\"description\" content=\"Mike Novogratz, a prominent figure in the 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