Bitcoinist
2024-04-27 02:30:31

New Data Reveals Bitcoin Mining May No Longer Be Profitable – Here’s Why

New data has revealed that Bitcoin (BTC) mining might no longer be as lucrative as it used to be. Bloomberg has reported that the profitability of Bitcoin mining is nearing a record low, not seen since the days following the collapse of FTX, posing significant challenges for those securing the network. The data indicates that

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