Decrypt ••1 min read
Bitcoin Miners Face Profitability Challenges Amid Price Decline
A decline in Bitcoin's price is impacting the profitability of Bitcoin miners. According to reports, miners with energy costs of $0.10 per kWh or higher are experiencing losses for each Bitcoin mined. The development highlights the challenges faced by miners as Bitcoin's price fluctuates and operational costs remain a significant factor in their profitability.
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