Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin

[huntingdon@mstdn.social]

@campuscodi

Bitcoin miners spend $88,000 to create a virtual bitcoin, whose value is $69,000?

As a well-known Detroit automaker once said, they'll "make it up on volume,"

[jsteven@wandering.shop]

@campuscodi
Wouldn't it be funny if the ACTUAL plan of AI was to drive up the cost and limit supply of computer components (happening), just to manipulate the bitcoin markets and make their actual money there riding the market up and down, and short-term AI profits as a bonus, then bailing just before BOTH markets come crashing down? Like the movie "Trading Places," except asshole trillionaires instead of lovable underdogs.

[thestrangelet@beige.party]

@campuscodi Awww, boo hoo. So sad it's not profitable to use ridiculous amounts of energy anymore to compute paranoia coins.

[robsonde@mastodon.social]

@campuscodi I do wonder how much bitcoin is mined on someone else’s power.
The classic model of hacking a server, install a bitcoin miner, get coin without paying for power.

It might make bitcoin mining malware more attractive?

[maccruiskeen@social.linux.pizza]

@campuscodi And to think they killed the penny because it cost four cents to make one.

[bontchev@infosec.exchange]

@campuscodi But only if they pay for the mining with there own money, see? Plus, they get additional income from the transaction fees.

[beth_reflected@mastodon.social]

@campuscodi Web3 s going great!

[tekhedd@byteheaven.net]

@campuscodi As it turns out, 92% still a *very* good rate for money laundering.

[alandvalonline@mastodon.social]

@campuscodi THe Smegahash tripulated into sloping droidian peaks while simultanously intergraterating threefold less than formerly hashifiication twittledums had forecasterated. Someone owes me 2 trapeziodal globunorgs worth of blisterbucks.

[pier@infosec.exchange]

@campuscodi Just wait until they realize that the inefficiently solved math problems are actually worth nothing at all!

[the_q@mastodon.social]

@campuscodi oh no...

[jmax@mastodon.social]

@campuscodi smol silver lining.

[disorderlyf@todon.eu]

@campuscodi Both of these are meme numbers >.>

[benroyce@mastodon.social]

@campuscodi

[bltpizza@mastodon.social]

@campuscodi Building more mining data centers will turn a profit for them

[hindsight@mstdn.social]

@campuscodi Well I guess it's back to gold digging then ;-)))

[dark_stang@kind.social]

@campuscodi and quantum computers will break it all in 2029 anyways so

[mcc@mastodon.social]

@campuscodi Out of curiosity, is this still the case? This article is about three weeks old… doesn't the Bitcoin hash difficulty adjust itself every two weeks? My understanding is the hash difficulty mechanism is *supposed* to serve as a check on mining going cash negative, so it's interesting if the mechanism fails. (Also, the BTC price itself has gone up a chunk since Mar 22.)

[kaffando@mastodon.social]

@campuscodi

Oh, dear.

Never mind.

#Bitcoin

[goss@c.im]

@hindsight @campuscodi

On first glance these seem too conveniently incendiary to be true.

Alas, they probably are fakes.

https://leadstories.com/hoax-alert/2025/08/fact-check-photo-of-melania-kissing-epstein-is-fake.html