Auto Added by WPeMatico
Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. Also Read: The Daily: Huobi Nears […]
The post Report: Miner Spends Only $1567 per Bitcoin appeared first on Bitcoin News.
Powered by WPeMatico
Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world. Also read: […]
The post New Study Looks at the Cost to Mine BTC Across the Globe appeared first on Bitcoin News.
Powered by WPeMatico