Bitcoin mining has become a hot topic in recent weeks, with the cryptocurrency’s price rising to new highs on the back of increased demand from miners. However, profitability is taking a beating as the hash rate hits new all-time highs — which means more miners are forced to abandon older machines as they look to upgrade their infrastructure to remain competitive and profitable. Bitcoin miner profitability is taking a beating as the hash rate hits new all-time highs. Bitcoin miner profitability is taking a beating as the hash rate hits new all-time highs. As you can see from the graph below, bitcoin's network difficulty has risen steadily over time. This means that miners need to use more electricity and hardware to mine for bitcoins than they did five years ago or even just one year ago. The reason why this matters is that if you want to make money as a bitcoin miner, your payout will be based on how much energy/electricity you put into it (your "expenses"). With our cur...
Bitcoin mining has become a hot topic in recent weeks, with the cryptocurrency’s price rising to new highs on the back of increased demand from miners. However, profitability is taking a beating as the hash rate hits new all-time highs — which means more miners are forced to abandon older machines as they look to upgrade their infrastructure to remain competitive and profitable.