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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)

    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
                                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)

                                  stellarskrit@mastodon.socialS This user is from outside of this forum
                                  stellarskrit@mastodon.socialS This user is from outside of this forum
                                  stellarskrit@mastodon.social
                                  wrote last edited by
                                  #36

                                  @campuscodi the blockchain does not have much profitability in only resolving itself without any applicable mirroring beneficial to others why share processing of it.

                                  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)

                                    lazysupper@famichiki.jpL This user is from outside of this forum
                                    lazysupper@famichiki.jpL This user is from outside of this forum
                                    lazysupper@famichiki.jp
                                    wrote last edited by
                                    #37

                                    @campuscodi

                                    Gamers: Sweet! Now we can finally upgrade our GPUs.

                                    AI: Step aside, losers.

                                    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)

                                      yugthebug@mastodon.socialY This user is from outside of this forum
                                      yugthebug@mastodon.socialY This user is from outside of this forum
                                      yugthebug@mastodon.social
                                      wrote last edited by
                                      #38

                                      @campuscodi finally

                                      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)

                                        arghmatey@mastodon.socialA This user is from outside of this forum
                                        arghmatey@mastodon.socialA This user is from outside of this forum
                                        arghmatey@mastodon.social
                                        wrote last edited by
                                        #39

                                        @campuscodi We love that for them.

                                        1 Reply Last reply
                                        0
                                        • regguy@mstdn.socialR This user is from outside of this forum
                                          regguy@mstdn.socialR This user is from outside of this forum
                                          regguy@mstdn.social
                                          wrote last edited by
                                          #40

                                          @notyourfanboy @campuscodi No, the miners aren't, the stooges are.

                                          1 Reply Last reply
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