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Hirom@beehaw.org to Technology@beehaw.org · 7 days ago

Bitcoin mining is no longer profitable

www.pcworld.com

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  • cross-posted to:
  • buttcoin@lemmy.world
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Bitcoin mining is no longer profitable

www.pcworld.com

Hirom@beehaw.org to Technology@beehaw.org · 7 days ago
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74
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  • cross-posted to:
  • buttcoin@lemmy.world
Reports indicate that mining a single Bitcoin now costs far more in electricity than it's worth, even at sky-high prices.
  • Boomkop3@reddthat.com
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    6 days ago

    The power bill is more of a concern. Eventually it’ll pay itself back

    • vrighter@discuss.tchncs.de
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      6 days ago

      it has to pay for itself faster than it becomes unprofitale. Which is never, now

      • Boomkop3@reddthat.com
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        5 days ago

        I know, not the point

    • DragonTypeWyvern@midwest.social
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      6 days ago

      Go for that moonshot bro, your creditors will be happy to wait I’m sure.

      • Boomkop3@reddthat.com
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        6 days ago

        Just clarifying the idea. I don’t support crime by holding up such networks

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