Saifedean, the author of "Bitcoin Standard," stated that due to mining economics and halving mechanisms, Bitcoin's electricity consumption may have peaked in December 2025 at around 190 terawatt hours, and has fallen back to the 130 terawatt hour range by mid-2026. The difficulty of Bitcoin mining has not been refreshed within 305 days after October 30, 2025. On March 14, 2024, the price of Bitcoin was 73800 US dollars, with a block reward of 6.25 BTC, corresponding to a daily reward of approximately 65 million US dollars. If the price fails to reach $147600 before the halving in this round, it will be the first cycle in which the daily mining reward does not exceed the high point of the previous cycle.