D_a_X@feddit.org to Finanzen@feddit.orgEnglish · 1 month agoBitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%www.coindesk.comexternal-linkmessage-square6fedilinkarrow-up142cross-posted to: hackernews@lemmy.bestiver.se
arrow-up142external-linkBitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%www.coindesk.comD_a_X@feddit.org to Finanzen@feddit.orgEnglish · 1 month agomessage-square6fedilinkcross-posted to: hackernews@lemmy.bestiver.se
minus-squareKairos@lemmy.todaylinkfedilinkarrow-up3·1 month agoSurely the cost of turning off the machines is less than $19,000 times however many coins they gain
minus-squareAAA@feddit.orglinkfedilinkarrow-up6·1 month agoApparently not. Either the cost of not running those machines is higher than running them and losing 19k on each coin. Or they speculate on prices increasing again, and not mining coins would effectively be a gift to the competition. I think it’s an unhealthy combination of both.
Surely the cost of turning off the machines is less than $19,000 times however many coins they gain
Apparently not. Either the cost of not running those machines is higher than running them and losing 19k on each coin. Or they speculate on prices increasing again, and not mining coins would effectively be a gift to the competition.
I think it’s an unhealthy combination of both.