An Updated Look at Bitcoin Miner Profitability

An Updated Look at Bitcoin Miner Profitability


TheBlock
2022-05-12 14:47:16

Quick TakeBitcoin’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.