Mining Economics Getting Tough

[lingriiddd]

Bitcoin mining just keeps getting more expensive.

Rising hashrate → more computing power needed

Energy costs ↑

Rewards ↓

In fact, Tether recently shut down its Uruguay mining operation due to high energy prices.

The message is clear: miners who fail to innovate with renewables or efficiency may be left behind.

[Abdul Khan]

Rising costs are forcing miners to focus on efficiency.