Bitcoin miners are losing on every coin produced as difficulty drops
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Re: Bitcoin miners are losing on every coin produced as difficulty drops
#2> When miners can't cover costs, they sell bitcoin to fund operations
Surely they should stop producing until its profitable again, or am I missing something?
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#3Is there a SQQQ for BTC?
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#4This is just a lie. Coindesk is the worst media in the world.
They can't calculate correct price of mining because it's more complex and enerrgy costs are different in so many regions and inside the electiric producers etc. !
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#5Isn't AI the new hot thing, why are the miners still going after Bitcoin, when they can probably just use the same infra for AI and make more money, stay profitable.
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#6> When miners can't cover costs, they sell bitcoin to fund operations Surely they should stop producing until its profitable again, or am I missing something?
You're missing that humans are often irrational.
They may be hoping it goes back up.
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#7The headline is dramatic but this is literally how bitcoin is designed to work. Miners leave, difficulty drops, costs go down, mining becomes profitable again. The interesting part isn’t the loss per coin, it’s how long the lag between unprofitable mining and difficulty adjustment keeps forced selling pressure on the market.
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#8Isn't AI the new hot thing, why are the miners still going after Bitcoin, when they can probably just use the same infra for AI and make more money, stay profitable.
Hash mining asics don’t work well for AI
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#9Isn't AI the new hot thing, why are the miners still going after Bitcoin, when they can probably just use the same infra for AI and make more money, stay profitable.
Totally different infra: bitcoin these days is all dedicated ASICs that have basically no other use, unlike GPUs.
Re: Bitcoin miners are losing on every coin produced as difficulty drops
#10Isn't AI the new hot thing, why are the miners still going after Bitcoin, when they can probably just use the same infra for AI and make more money, stay profitable.
Article covers that briefly.