Although is definitely not too surprising because first ideally as the bitcoin rewards gets cut into halve my predictions has been that many miners will step out of the mining business and then it would reduce the hashrate power but prior to the halving the amount gotten from mining bitcoin mostly by transaction fee which where plummeted high by the inscription and runes saga was enough to get more people into this area or probably increase the hashrate power has more sophisticated mining equipments come.

At the moment if you don’t hold a very large amount of funds setting a mining rig to mine bitcoin to me wouldn’t be that profitable, i will definitely just buy bitcoin and hodl for long