“I do not assume the competitors for energy from AI services will considerably affect hashprice,” Mellerud mentioned. “The Bitcoin mining community is a self-correcting mechanism, so lowered hashrate in a single nation will merely enhance profitability of miners overseas, giving them extra room to develop.” “My thesis is that the U.S. may have lower than 20% of the hashrate by 2030 as a result of competitors from AI services, whereas hashrate will develop elsewhere, significantly in Africa and Southeast Asia,” Mellerud added.
