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Data shows that there are no profits left for Bitcoin miners who can’t get cheap electricity or run efficient mining rigs.

 

The cost of bitcoin production has been much higher than the spot market value of the crypto asset. This has put enormous pressure on miners. Statistics show that miners who pay for electricity will be paying $0.12 per kilowatt-hour (kWh) and only three ASIC (application-specific integrated circuits (ASIC).

 

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