Bitcoin mining uses the PoW consensus algorithm, where miners compete for block rights by calculating hash values, ensuring transaction legitimacy and dynamically adjusting difficulty to maintain block generation rate.
The market is dominated by high-performance ASIC mining machines. The new generation of three-nanometer technology devices lowers the entry barrier and provides better energy efficiency, allowing small and medium-sized miners to also be competitive.
The main costs include hardware investment and electricity consumption, with a clear advantage in countries with low electricity prices; by 2025, the average mining cost for large mining farms is expected to be around $26,000 to $28,000, and with Bitcoin prices exceeding $100,000, there remains potential for profitability.
The mining industry is rapidly becoming more intelligent and environmentally upgraded, with tech giants entering the mining sector. Miners need to continuously optimize strategies and energy-saving equipment to cope with increasing difficulty and market fluctuations.
Bitcoin Mining, as the cornerstone of blockchain security, is constantly evolving with technological innovation and market changes, and will develop towards sustainability and efficiency in the future.
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