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Bitcoin’s Falling Price Puts Miners on Edge

The post Bitcoin’s Falling Price Puts Miners on Edge appeared on BitcoinEthereumNews.com. In brief The falling price of Bitcoin is at risk of making Bitcoin mining unprofitable in the United States, depending on energy rates. Other countries also face a situation where the cost of mining one Bitcoin is more than that Bitcoin is worth, although some major Bitcoin mining territories—including Paraguay—continue to benefit from relatively cheap ener…

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Crypto Breaking News

Declining Bitcoin price continues to expose miners to loss

Key Takeaways With Bitcoin price trading around $88,000 and the average nationwide cost of energy at about $0.14, the cost of mining a Bitcoin is close to $95,000. The high cost of energy and the current Bitcoin price range put miners at a loss. A sizeable number of mining companies are now transitioning to AI data centres Bitcoin mining energy consumption data from the Cambridge Bitcoin Energy Consumption Index (CBECI) indicates that miners wh…

7 hours ago

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