Bitcoin miners hit $4.7B in revenue this year, but its becoming unprofitable

Bitcoin miners hit $4.7B in revenue this year, but its becoming unprofitable
фото показано с : thenextweb.com

2018-10-9 15:33

Bitcoin miners have raised over $4. 7 billion in revenue so far this year, but rising electricity prices have rendered cryptocurrency mining almost completely unprofitable, even for the world’s biggest pools.

Blockchain research unit Diar has published data mapping the profitability of mining Bitcoin.  For the first time, it appears small-time cryptocurrency mining operations, who pay retail rates, are no longer profitable. Bitcoin miners currently earn 54,000 BTC ($355 million) every month for processing transactions by mining blocks. They are also paid by users in the form of transaction fees. A sustainably high hash rate and increase adoption has meant Bitcoin mining…

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bitcoin mining miners revenue cryptocurrency year unprofitable

Источник: thenextweb.com

bitcoin mining → Результатов: 126


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Bitcoin Community Accuses BBC Of Sensationalism In Controversial Mining Article

A recent article published by the BBC has sparked a heated debate among cryptocurrency enthusiasts and critics regarding the environmental impact of Bitcoin (BTC) mining.   The piece, titled “Every Bitcoin payment ‘uses a swimming pool of water,’” raised concerns about the water consumption associated with the mining process.

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A new peer-reviewed research paper has emerged, shedding light on the potential symbiosis between Bitcoin mining and renewable energy initiatives. Dennis Porter, CEO and co-founder of Satoshi Act Fund, a non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin mining’s benefits, and president of Satoshi Educate, shared his insights via X, underscoring the […]

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