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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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