🐂 We’re bullish about mining heading into 2025!

Some takeaways from this article:

Know your history—The cyclical nature of Bitcoin predicts 2025 will be bullish, cycling back to a bear until the end of 2026.

Know the market potential— ”The estimated demand to replace 520 EH/s of older-generation equipment by the next halving could present an additional market opportunity of $10.8 billion.”

Know the challenges—There is competition in the $30B mining hardware market paired with supply chain issues. Mining companies must scale their combined power capacities by an additional 4.5 gigawatts over the next two years. The industry will have to build out the infrastructure to accommodate this, while competing with AI data centers for power resources.

For you, a pleb, who doesn’t own a single ASIC, there’s Rigly.

https://theminermag.com/home/learn/2024-12-11/bitcoin-asic-hashrate-estimate/