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Bitcoin Mining Difficulty Drops by Most Since July 2021 as Crypto Winter Cuts Profitability

cryptonews100_tggfrn by cryptonews100_tggfrn
December 6, 2022
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Bitcoin Mining Difficulty Drops by Most Since July 2021 as Crypto Winter Cuts Profitability
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​​At these “depressed profitability ranges, even miners utilizing energy-efficient machines just like the Antminer S19j Professional want entry to electrical energy priced decrease than [8 U.S. cents] per kWh,” stated Jaran Mellerud, an analyst at Luxor. Regardless that the typical power value on the community is about 5 cents per kilowatt hour (kWh), many miners are paying about 7 cents to eight cents per kWh, Mellerud stated.



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