Alejandro de la Torre

Alejandro de la Torre, Electricity costs, Hashrate, Miners, mining, Mining revenues, Poolin, S9 miner, third Bitcoin Halving

Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving

Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After HalvingAbout a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical puzzles that underpin the […]

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