“I do not assume the competitors for energy from AI services will considerably influence hashprice,” Mellerud stated. “The Bitcoin mining community is a self-correcting mechanism, so decreased hashrate in a single nation will merely improve profitability of miners in a foreign country, giving them extra room to develop.” “My thesis is that the U.S. can have lower than 20% of the hashrate by 2030 as a result of competitors from AI services, whereas hashrate will develop elsewhere, notably in Africa and Southeast Asia,” Mellerud added.