The second day of the Las Vegas Bitcoin Convention brought exciting announcements including New York City's first municipal Bitcoin bond and Pakistan's plans to establish a national Bitcoin reserve through mining. We explore the rapidly increasing global hash rate and its impact on miner profitability, while introducing new data analytics tools available on the Power Mining Analysis website.• NYC Mayor announces the first municipal Bitcoin bond in the US• Bitcoin mining infrastructure companies including Shell showcasing containerized mining solutions• Difficulty adjustment continuing to increase, effectively creating another "halving" for miners• Only one public miner produced a net profit in Q1 2024• Global hash rate expected to exceed 1,000 exahash shortly• Pakistan allocating 2,000 megawatts for national Bitcoin mining operations• New mining equipment from BitDeer (A3 at 9.7 J/TH) and Bitmain (S23) coming soon• Interactive data analytics now available on the Power Mining Analysis website• Monthly newsletter featuring Core Scientific coming tomorrowSign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter
