Good.
this post was submitted on 01 May 2025
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Technology
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New data tells us that mining a single Bitcoin or one BTC costs the largest public mining companies over $82,000 USD, which is nearly double the figure it did the previous quarter. Estimates for smaller organisations say you need to spend about $137,000 to get that single BTC in return. BTC is currently only valued at $94,703 USD, which seems to be a problem in the math department.
Bitcoin mining will always be profitable for the people with the cheapest electricity and largest economies of scale. There is a difficulty adjustment algorithm in the protocol that ensures this. When the price tanks people turn off thier miners, difficulty adjusts downwards, and then it takes less electricity to find a block.
tl;dr title is wrong
I don't believe this is necessarily true. Miners like Riot Blockchain are operating at a loss and other people are stealing electricity.
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Yeah this article is woefully uninformed. Author seems to be butt hurt about GPU pricing rather than any serious interest in how the protocol actually works.
The quote is actually from the article this one paraphrased and linked to, while leaving out all of the actual, you know, information
So wait. You'd have to read the article and not just the headline to know the story?
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Now the prices of GPUs will go back to normal right?... right?
In the future, games will renders about nine pixels and it will all be upscaling.
Atari games are going to make a huge comeback
Hey, sorry to break it to you, but there's this thing called "AI"...
Bitcoin mining hasn't had anything to do with GPUs since 2014. Ether, since 2022. It's the AI people you're looking for.
I don't think GPU are used for bitcoin any more? You need ASICs to be able to hope for any return on investment.
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You mean getting paid for using energy is not a working business model? Was about time that the market found that out
Given the current price of bitcoin, I suspect the market still doesn't know.
Mostly due to the fact that mining bitcoin becomes harder as more and more are found, and the "worth" of that work no longer exceeds the cost in electricity to do so.
In the past, it was basically free money, especially with how volatile it's value is/was
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Turns out the giant earth heater wasn’t the best business concept.
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