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There is an interesting development in Bitcoin mining hash rate. In the first quarter, the algorithm's speed decreased for the first time in 6 years. The reason is clear – miners are starting to shift towards artificial intelligence.
It seems that Bitcoin mining is no longer as attractive as before. Because it is more profitable, some mining operators are directing their equipment towards AI applications. This decline in hash rate is actually a clear indicator of this trend.
As you know, miners are ultimately economic entities. They go where the money flows the most. Bitcoin mining is still important, but profitability calculations seem to have changed.