An Updated Look at Bitcoin Miner Profitability
Quick Take
- Bitcoin’s hashprice has reached the lowest point since November 2020, thanks to the recent market slump and growing mining difficulty.
- That has significantly changed the economics for some old-gen ASIC miners that were estimated to account for 20% of the network hashrate as of December.
- This piece takes an updated look at the break-even prices, miner shipment, and the possible scenarios that could play out this year.
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Author: Wolfie Zhao
