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Projected Bitcoin Difficulty Drop Still Leaves Older S19 Miners Unprofitable at 5-Cent Power
(2 hours ago) · 1 source · Summarized by CryptoBipto
A projected Bitcoin mining difficulty decrease would not be enough to make older Antminer S19 mining rigs profitable, even at an electricity cost of 5 cents per kilowatt-hour. The analysis highlights the growing gap between older-generation mining hardware and the economics required to mine Bitcoin profitably.
WHY IT MATTERS
Bitcoin mining is the process by which new bitcoins are created and transactions are verified.
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SOURCES
- cryptoslate.com
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