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

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

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  • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

    Link Preview Image
    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.

    favicon

    (www.coindesk.com)

    bontchev@infosec.exchangeB This user is from outside of this forum
    bontchev@infosec.exchangeB This user is from outside of this forum
    bontchev@infosec.exchange
    wrote last edited by
    #16

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

    1 Reply Last reply
    0
    • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

      Link Preview Image
      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.

      favicon

      (www.coindesk.com)

      beth_reflected@mastodon.socialB This user is from outside of this forum
      beth_reflected@mastodon.socialB This user is from outside of this forum
      beth_reflected@mastodon.social
      wrote last edited by
      #17

      @campuscodi Web3 s going great!

      1 Reply Last reply
      0
      • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

        Link Preview Image
        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.

        favicon

        (www.coindesk.com)

        tekhedd@byteheaven.netT This user is from outside of this forum
        tekhedd@byteheaven.netT This user is from outside of this forum
        tekhedd@byteheaven.net
        wrote last edited by
        #18

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

        chebra@mstdn.ioC 1 Reply Last reply
        0
        • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

          Link Preview Image
          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.

          favicon

          (www.coindesk.com)

          alandvalonline@mastodon.socialA This user is from outside of this forum
          alandvalonline@mastodon.socialA This user is from outside of this forum
          alandvalonline@mastodon.social
          wrote last edited by
          #19

          @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.

          1 Reply Last reply
          0
          • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

            Link Preview Image
            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.

            favicon

            (www.coindesk.com)

            pier@infosec.exchangeP This user is from outside of this forum
            pier@infosec.exchangeP This user is from outside of this forum
            pier@infosec.exchange
            wrote last edited by
            #20

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

            utf_7@mastodon.socialU 1 Reply Last reply
            0
            • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

              Link Preview Image
              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.

              favicon

              (www.coindesk.com)

              the_q@mastodon.socialT This user is from outside of this forum
              the_q@mastodon.socialT This user is from outside of this forum
              the_q@mastodon.social
              wrote last edited by
              #21

              @campuscodi oh no...

              1 Reply Last reply
              0
              • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                Link Preview Image
                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.

                favicon

                (www.coindesk.com)

                jmax@mastodon.socialJ This user is from outside of this forum
                jmax@mastodon.socialJ This user is from outside of this forum
                jmax@mastodon.social
                wrote last edited by
                #22

                @campuscodi smol silver lining.

                1 Reply Last reply
                0
                • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                  Link Preview Image
                  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.

                  favicon

                  (www.coindesk.com)

                  disorderlyf@todon.euD This user is from outside of this forum
                  disorderlyf@todon.euD This user is from outside of this forum
                  disorderlyf@todon.eu
                  wrote last edited by
                  #23

                  @campuscodi Both of these are meme numbers >.>

                  1 Reply Last reply
                  0
                  • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                    Link Preview Image
                    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.

                    favicon

                    (www.coindesk.com)

                    benroyce@mastodon.socialB This user is from outside of this forum
                    benroyce@mastodon.socialB This user is from outside of this forum
                    benroyce@mastodon.social
                    wrote last edited by
                    #24

                    @campuscodi

                    1 Reply Last reply
                    0
                    • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                      Link Preview Image
                      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.

                      favicon

                      (www.coindesk.com)

                      bltpizza@mastodon.socialB This user is from outside of this forum
                      bltpizza@mastodon.socialB This user is from outside of this forum
                      bltpizza@mastodon.social
                      wrote last edited by
                      #25

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

                      1 Reply Last reply
                      0
                      • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                        Link Preview Image
                        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.

                        favicon

                        (www.coindesk.com)

                        H This user is from outside of this forum
                        H This user is from outside of this forum
                        hindsight@mstdn.social
                        wrote last edited by
                        #26

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

                        Link Preview Image
                        goss@c.imG 1 Reply Last reply
                        0
                        • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                          Link Preview Image
                          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.

                          favicon

                          (www.coindesk.com)

                          dark_stang@kind.socialD This user is from outside of this forum
                          dark_stang@kind.socialD This user is from outside of this forum
                          dark_stang@kind.social
                          wrote last edited by
                          #27

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

                          1 Reply Last reply
                          0
                          • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                            Link Preview Image
                            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.

                            favicon

                            (www.coindesk.com)

                            mcc@mastodon.socialM This user is from outside of this forum
                            mcc@mastodon.socialM This user is from outside of this forum
                            mcc@mastodon.social
                            wrote last edited by
                            #28

                            @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.)

                            burritosommelier@techhub.socialB desirable_dialogue@ni.hil.istD 2 Replies Last reply
                            0
                            • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                              Link Preview Image
                              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.

                              favicon

                              (www.coindesk.com)

                              kaffando@mastodon.socialK This user is from outside of this forum
                              kaffando@mastodon.socialK This user is from outside of this forum
                              kaffando@mastodon.social
                              wrote last edited by
                              #29

                              @campuscodi

                              Oh, dear.

                              Never mind.

                              #Bitcoin

                              1 Reply Last reply
                              0
                              • H hindsight@mstdn.social

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

                                Link Preview Image
                                goss@c.imG This user is from outside of this forum
                                goss@c.imG This user is from outside of this forum
                                goss@c.im
                                wrote last edited by
                                #30

                                @hindsight @campuscodi

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

                                Alas, they probably are fakes.

                                Link Preview Image
                                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...

                                favicon

                                (leadstories.com)

                                goss@c.imG 1 Reply Last reply
                                0
                                • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                                  Link Preview Image
                                  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.

                                  favicon

                                  (www.coindesk.com)

                                  jasonclor@mastodon.socialJ This user is from outside of this forum
                                  jasonclor@mastodon.socialJ This user is from outside of this forum
                                  jasonclor@mastodon.social
                                  wrote last edited by
                                  #31

                                  @campuscodi oh no

                                  1 Reply Last reply
                                  0
                                  • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                                    Link Preview Image
                                    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.

                                    favicon

                                    (www.coindesk.com)

                                    karma_j@mastodon.socialK This user is from outside of this forum
                                    karma_j@mastodon.socialK This user is from outside of this forum
                                    karma_j@mastodon.social
                                    wrote last edited by
                                    #32

                                    @campuscodi

                                    1 Reply Last reply
                                    0
                                    • campuscodi@mastodon.socialC campuscodi@mastodon.social

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

                                      Link Preview Image
                                      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.

                                      favicon

                                      (www.coindesk.com)

                                      S This user is from outside of this forum
                                      S This user is from outside of this forum
                                      seanmcclain@mastodon.social
                                      wrote last edited by
                                      #33

                                      @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.

                                      1 Reply Last reply
                                      0
                                      • goss@c.imG goss@c.im

                                        @hindsight @campuscodi

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

                                        Alas, they probably are fakes.

                                        Link Preview Image
                                        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...

                                        favicon

                                        (leadstories.com)

                                        goss@c.imG This user is from outside of this forum
                                        goss@c.imG This user is from outside of this forum
                                        goss@c.im
                                        wrote last edited by
                                        #34

                                        @hindsight @campuscodi https://www.yahoo.com/news/articles/fact-check-image-melania-trump-234800265.html?guccounter=1

                                        1 Reply Last reply
                                        0
                                        • fabrice@infosec.exchangeF fabrice@infosec.exchange

                                          @campuscodi they’ll make it up in volume… 😬

                                          makja@mastodon.socialM This user is from outside of this forum
                                          makja@mastodon.socialM This user is from outside of this forum
                                          makja@mastodon.social
                                          wrote last edited by
                                          #35

                                          @fabrice @campuscodi how does one make it up in volume when *every* coin loses 19k?

                                          bws@social.linux.pizzaB 1 Reply Last reply
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