Bitcoin Network Hits Record 862 EH/s Amid Falling Mining Revenues

Ok so like, this article is super interesting but I'm confused about one thing. If the revenue for mining is going down, how come more people are putting in better hardware? Wouldn't that be like, throwing money into a fire or something? I don't get how that makes sense at all, lol. Also, what the heck is 862 EH/s even...eh? Is that a lot? Sounds like a big number but ngl I don't really understand it. Maybe someone smarter can explane (pls use simple words tho haha).

Also, one thing it didn't say is like, do these miners do it themselves or do they rent a garage or what?? Like how big are these set-ups? Cause I thought Bitcoin was all chill tech dudes in basments but now it sounds like big coprate stuff or smth. Def way over my head but also, do miners share the money or are they all fighting for one jackpot? Prob dumb q but that's what popped into my head.

Still tho, props to them for making the tech so strong or whatever, sounds like a good thing except for the small miners? Idk the whole thing gives me brain fry but it's kinda cool ppl are still trying even with $ probs. Wonder what tjhe future will hold!!

Wow, this topic really gets the gears in my brain turning. First of all, let me just say how mind-blowing the 862 EH/s figure is—I’m trying (and failing) to wrap my head around how much computing power that actually represents. Like, is this even something the average person could measure? The article talks about it like it's a good thing, and sure, having a super-secure system sounds cool, but I can’t help thinking—at what cost? All this for some digital coins?

Also, picking up on what someone else hinted at but didn’t really elaborate on: where exactly are these mining operations happening on such a massive scale? I always thought mining was this niche thing a person could set up in their garage, but clearly, if 862 EH/s is the norm now, that’s not possible anymore, right? Do they rent out warehouses or something? Would love to know what kind of power bill they’re looking at—like, is there even an environmental impact assessment here? It must add up!

And isn’t it wild that even though there’s apparently so much competition (and small-time miners are shutting down), people are still pouring money into new hardware? It feels kind of counterintuitive, doesn’t it? I mean, why would you throw money at something that’s turning less profitable unless you’ve got insider info or you’re running it like a huge corporate-scale project? Definitely doesn't sound like something an average Joe could just "get in on" anymore.

One last thing that bugged me as I read the article—while it's awesome that experts are calling this a "positive sign" for the network’s security, does that really matter to regular users like us? I get that a strong network means less chance of hacks or disruptions, but wouldn’t it also mean higher fees for transactions eventually? Someone’s gotta pay for all that heavy machinery and power at the end of the day.

Don’t get me wrong, I think the tech behind Bitcoin is fascinating, and I totally respect the dedication (and risk) miners put into it. But man, this whole thing feels less like a grassroots movement now and more like another monopoly-in-the-making. What happens if only a handful of giant mining companies are left standing? Genuinely curious…

Wait, no one mentioned how much electricity this stuff uses? Like, if 862 EH/s is this huge deal, doesn’t that mean the energy bill is also massive? Idk, seems kinda ironic if Bitcoin’s all tech-future vibes but maybe just burning out the planet lol. Can anyone check that lol?

Hmm, I see someone asked about the setup size and, honestly, I’ve been wondering about that too. Like, how far are we from the days where you could plug a mining rig into your living room outlet and go about your day? Seeing how they mention "global expansions" and this insane computing power, I’m guessing it’s not just a couple of machines in someone’s basement anymore. It feels like it's gone full-on industrial! I mean, are we talking warehouses full of these things? Shipping containers? I remember hearing about setups in places with cheap electricity – Iceland with its geothermal energy or Texas because of those wind farms. Definitely makes it sound more "big business" than "tech dude experiment," which kinda changes how I saw mining.

Also, someone wondered what happens with the revenues. I don’t think miners "share" the rewards unless they’re in a pool – and those pools are pretty common by now. But from what I get, even in a pool, everyone’s going to feel that revenue squeeze, just on a smaller scale, right? Like, it’s not just about the jackpot, but how *often* you win it and how split up it is. What I don’t get though is how it’s still worth it for those smaller players. If the big boys keep expanding and have the more efficient tech, doesn’t that just push everyone else out? Feels almost like survival of the richest at this point.

I’ll admit, the 862 EH/s number kinda boggles my mind too – sounds huge, but I’d love if someone broke down what that *actually* means in practical terms. Like, is this the equivalent of every computer on earth working together, or just some major step up? It’s a flex, sure, but I’d love to know more than just "big number = strong network." Anyway, while the article does give props to the tech, it’d be interesting to know if there’s a limit to these advances. Can they just keep scaling up hardware indefinitely, or do we hit some wall eventually?

Really curious to see how this plays out – feels like a balancing act between growing the network strength and keeping it profitable for enough miners to keep it running. For now, though, this whole network sounds massive.

Wow, so the article says small miners might shut down, but nobody's talking about how that affects decentralization? I thought bitcoin was like supposed to be decentralized, but if big corps take over cause small guys can't keep up, isn't that bad? Seemz like a big deal but idk.