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