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Home Bitcoin

Bitcoin Mining Problem Drops Most Since July 2021 as Crypto Winter Cuts Profitability

by cryptostandard
in Bitcoin
Reading Time: 1 min read
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​​At these “depressed profitability ranges, even miners utilizing energy-efficient machines just like the Antminer S19j Professional want entry to electrical energy priced decrease than $0.08 per kWh,” mentioned Jaran Mellerud, an analyst at Luxor. Regardless that the typical vitality worth on the community is about $0.05 per kilowatt hour (kWh), many miners are paying about $0.07 – $0.08 per kWh, Mellerud mentioned.



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Tags: BitcoinBitcoin NewsCryptoCrypto NewsCrypto StandardCrypto UpdatesCutsDifficultyDropsJulyLatest Bitcoin NewsMiningProfitabilityWinter
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