From Bitcoin Halving to AI Integration: Changes in the Mining Landscape and Future Development Trends

Recently, Cobo, a digital asset custody solution provider, and Shen Yu, co-founder of the world's largest mining pool, were interviewed to share their views on hot topics such as industry cycles, Bitcoin Halving, and mining reforms.

The Impact of Bitcoin Halving on Mining

The divine fish pointed out that there are mainly three types of companies in the Bitcoin mining industry:

1. North American listed mining companies: relying on cheap energy, recently financing through stock price increases and expanding new businesses.

2. Non-listed mining companies supported by Chinese capital: distributed in South America and Africa, pursuing low-cost operations.

3. Nationally supported emerging mining enterprises: the goal is not only profit but also participation in market competition.

He believes that the Halving has a greater impact on the second type of mining companies because they are more sensitive to cost changes and are relocating large-scale mining machines to optimize costs.

Bitcoin Ecosystem Expansion Trends

The divine fish stated that the Bitcoin main chain primarily serves as a value storage and is difficult to undergo significant updates. However, on this basis, many innovative attempts have emerged, such as layer two solutions like the Lightning Network. He believes these attempts are positive and require time and patience for their development.

The Future Development of Custody Business

As traditional financial institutions enter the crypto space, the Shenyu believes this will broaden the development path of the industry. He stated that Cobo is focusing on the scenarios that will arise after a large influx of users in the future, aiming to innovate wallets and improve the keyless experience.

The Integration of AI and Blockchain

The divine fish foresees that in the future, AI and blockchain will deeply integrate. Each terminal and AI agent may possess smart wallets and keys, capable of autonomously conducting data transactions and investments within the scope of authorization. This requires further improvement of cryptographic technologies and AI models.

The Future Development of the Metaverse

Regarding the metaverse, Shenyu believes that its final form may differ significantly from current imaginations. The core is that data and ownership in virtual spaces will be stored and presented through blockchain technology, and user experience will be more seamless. He anticipates that as the performance of the chain improves and storage costs decrease, a large number of games and metaverse applications will allow high-value data assets to be stored on the blockchain seamlessly.