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I just noticed that Bitcoin's hash rate decreased in the first quarter of this year. This is the first time in the past 6 years. It seems that miners are busy diversifying into the AI sector, so they are starting to pull out of Bitcoin mining operations.
According to what I see, this drop in hash rate is very significant. Many mining rigs that previously focused on Bitcoin are now redirected to more profitable AI computing. This trend serves as a kind of signal that the mining industry landscape is shifting.
It's interesting because, so far, Bitcoin's hash rate has tended to keep rising or stay stable. Now, it’s actually decreasing for the first time in half a decade. If miners continue switching to AI, the hash rate might remain under pressure in the upcoming period. I wonder if this is a temporary shift or a long-term trend.