Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi Well I guess it's back to gold digging then ;-)))
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi and quantum computers will break it all in 2029 anyways so
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@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.)
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
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@campuscodi Well I guess it's back to gold digging then ;-)))
On first glance these seem too conveniently incendiary to be true.
Alas, they probably are fakes.
Fact Check: Photo Of Melania Trump Kissing Jeffrey Epstein Is Fake -- Colbert Didn't Air It | Lead Stories
Is a photo showing Melania Trump kissing Jeffrey Epstein an authentic image and was it "unseen" until aired by Stephen...
(leadstories.com)
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi oh no
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
-
Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi ...because crapto "currency" is a scam. Don't worry, people are suckers & thieves need this vital source of their revenue, so the value will rebound.
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On first glance these seem too conveniently incendiary to be true.
Alas, they probably are fakes.
Fact Check: Photo Of Melania Trump Kissing Jeffrey Epstein Is Fake -- Colbert Didn't Air It | Lead Stories
Is a photo showing Melania Trump kissing Jeffrey Epstein an authentic image and was it "unseen" until aired by Stephen...
(leadstories.com)
-
@campuscodi they’ll make it up in volume…
@fabrice @campuscodi how does one make it up in volume when *every* coin loses 19k?
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi the blockchain does not have much profitability in only resolving itself without any applicable mirroring beneficial to others why share processing of it.
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
-
Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi finally
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi We love that for them.
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@notyourfanboy @campuscodi No, the miners aren't, the stooges are.
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
@campuscodi they are still doing this stupid nonsense...
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@campuscodi they’ll make it up in volume…
@fabrice @campuscodi I wonder if you have to remember that old SNL commercial about the bank that just made change to get that joke?
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@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.)
@mcc the cost of electricity factors in heavily - can’t really make a general statement. I went down a rabbit hole on this a couple months ago. Disclaimer - I’m not a miner or crypto investor, was just curious as the price was falling what the implications would be.
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Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin
Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%
The average production cost was sitting at $88,000 per bitcoin in mid-March, according to Checkonchain's difficulty regression model.
(www.coindesk.com)
Yayyyy 🥳
️ 🥳 -
@mcc the cost of electricity factors in heavily - can’t really make a general statement. I went down a rabbit hole on this a couple months ago. Disclaimer - I’m not a miner or crypto investor, was just curious as the price was falling what the implications would be.
@BurritoSommelier It does, yeah. What I mean is the difficulty-adjustment mechanism is supposed to be a check whereby the Bitcoin mechanism can correct for things like a sudden increase in the cost of energy. (But of course the fact it's *intended* to have this effect does not mean it *will* have the effect.)
