Fuck. I remember when the average cost was like 6kStorm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k | Bitcoinist.com
Data shows the cost of mining Bitcoin has now surged up to $19.3k, something that could spell doom for the miners.bitcoinist.com
According to this one estimate, a bitcoin costs 19k to mine atm. Neat.
Difficulty has gone way up, and electricity isn't cheap unless you happen to be right next to a hydro dam or geothermal or whatever.Fuck. I remember when the average cost was like 6k
Hashrate is at an all time high while price is right around historical lows for the 4 year halving cycle (~80% drawdown). Hard out there for a plebFuck. I remember when the average cost was like 6k
Let’s not forget, energy costs have skyrocketed as well for most of the world. Quite a bit of headwinds from all approaches.Hashrate is at an all time high while price is right around historical lows for the 4 year halving cycle (~80% drawdown). Hard out there for a pleb
true, this is the difference with defi, there's no "referee" to come in with a bell and "suspend trading", at least not like at the stock exchanges. mostly, stuff plays out without institutions able to stop the cascades in any meaningful way.
Difficulty has gone way up, and electricity isn't cheap unless you happen to be right next to a hydro dam or geothermal or whatever.
10:34 [FTX.IPO] Reportedly Binance looking to scrap bailout of FTX following initial due diligence - press
- Following first look at internal data and loan commitments has led Binance to strongly lean against completing the transaction
Bitcoin briefly dipping under 17k
Tons of old Magic the Gathering and Poker pros are in cahoots with FTX as well, interested to see if they stop talking about it as much...Podcast I've been listening too for a while shills FTX at the beginning of every episode. Conspicuously absent in this week's.