Bitcoin miners are increasingly shutting down their operations as hash revenue declines to approximately $35 per petahash per day, while the all-in costs of mining hover around $44. This financial imbalance is prompting a reevaluation of the profitability of mining versus directly purchasing Bitcoin. The current economic conditions suggest that buying Bitcoin might be more cost-effective than maintaining mining operations, given the disparity between revenue and expenses.
Bitcoin Miners Halt Operations as Hash Revenue Drops Below Costs
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