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    Author Topic: Bitcoin mining difficulty drops 6% in largest fall since bear market lows  (Read 281 times)
    The Hidebehinder (OP)
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    May 09, 2024, 02:05:45 PM
    Last edit: May 09, 2024, 02:35:53 PM by The Hidebehinder
     #1

    Bitcoin mining difficulty drops 6% in largest fall since bear market lows
    https://www.theblock.co/post/293426/bitcoin-mining-difficulty-adjustment-largest-drop-since-bear-market-lows

    Two weeks ago I opened a topic about this:
        
    With fees no longer compensating are some miners shuting down?
    https://bt.irlbtc.com/view/5493786.0

    I was wrong at the time because of the high fees that kept income up for miners but as those dropped and the revenue per unit of hash dropped to the lowest in 3 years the other assumption I was making proved to be right at least short time.

    Do you think this downtrend will continue as income per unit of hash is still lower than anything previously and cheaper and cheaper energy is needed to keep older units profitable with new units at residential area cost seem to have over 24 months of ROI?  And as I asked before

    Quote
    Are home miners going to get wiped out by huge companies that have access to investors capital and cheap electricity? Would that be a danger of centralization?

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