Arthur Hayes said that Flop Labs will open in the coming days Devnet, allowing miners, validators, and agents to connect. Participants in this phase will not receive any token allocation; the phase is intended to prepare for public testing before the Testnet or an airdrop.
Over the past 30 days, Bitcoin transaction-fee revenue accounted for only miners' total revenue 0.64%, while older mining rigs face profitability pressure at current electricity prices.
CryptoQuant analysis shows that Bitcoin's hash rate, miner revenue, and transaction fees have recovered from July, and miners' profitability has improved;August 21 no extreme miner outflows have occurred since then.
VanEck CEO Jan van Eck stated that approving more nuclear power projects could increase the value of AI and ease Bitcoin selling pressure by reducing miners’ energy costs.
CryptoQuant data shows that the Bitcoin network hash rate has ended its recent decline and resumed rising, indicating a partial recovery in miner activity.