“All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory,” at above 9 cents per kilowatt hour, said Ethan Vera, chief operating officer at mining services firm Luxor Technologies. “If hashprice [the value of 1 terahash/second of computing power per day] trends down we expect it to hit some resistance points as the high-cost operators and low-efficiency miners turn off,” he added.
Why Bitcoin Could Be Ready For Its Most Powerful Rally In Years
Bitcoin price is trading at more than $28,000 per coin and is up nearly 78% year-to-date in 2023. This could...
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