Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars
Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners.
Auto Added by WPeMatico
Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe.
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of…