About ~185 EXAHASH has unplugged within the last 8 months 🔌 That's an equivalent of ~925,000 S21 units at 200T each, or 3.33 gigawatts of power. Much of that has pivoted to AI and will never return to the #Bitcoin network. Yet here we are: 40% through the current difficulty epoch, another negative adjustment is expected (−2.46%). That means more #BTC rewards for efficient miners who stay online. #proofofwork

Just checking

Weekend homework is to read Satoshi’s original White Paper 📝 It should only take you about 15 minutes https://bitcoin.org/bitcoin.pdf

Here is your weekly update covering key mining metrics alongside our commentary on what the numbers mean for Bitcoin miners. This episode we break down the supply squeeze playing out in real time. ETFs took in 10,542 BTC last week — over 3x what miners produced (3,150). Hashrate is plateauing around 970 EH/s, struggling to retest 1 ZH/s. And 8 of the last 12 difficulty adjustments since BTC's October ATH have been negative. The next adjustment on May 2nd looks negative again. That's another raise for efficient operators. If Wall Street is buying 3x faster than miners can produce, and hashrate is shedding the inefficient operators, what does that mean for the operator who stays online? 👇 Drop your thoughts in the comments.

Down ~40% from October ATH 👀