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3232Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
https://www.digit.info/challenging-year-for-bitcoin-miners-as-fewer-btc-mining-rigs-are-profitable-at-current-prices/
Sat, 31 Dec 2022 19:00:09 +0000https://www.digit.info/2022/12/31/challenging-year-for-bitcoin-miners-as-fewer-btc-mining-rigs-are-profitable-at-current-prices/Read more]]>Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated circuit (ASIC) bitcoin mining rigs are able to turn a profit at current […]
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated circuit (ASIC) bitcoin mining rigs are able to turn a profit at current […]