Bitcoin As miners had a difficult year as spot market prices reached an all-time high. Bitcoin They These were less costly than production expenses. CurrentLyAt $0.07 per kWh, only 18 ASIC (application-specific integrated circuit) bitcoin mining rigs are able to make a profit at current rates.
Current SHA256 ASIC models are not profitable at $0.12/kWh. Only Two devices are profitable at $0.10/kWh.
As This Is December 31. 2022: Statistics After reaching a record, bitcoin’s hashrate is still above the 300-exhash-per-second range (EH/s). December 30 Low Of 235 EH/s. According to macromicro.me the cost of production at $16.657 is almost equal to the spot price for bitcoin ($16.572).
Macromicro.me calculates production costs “by looking at electricity consumption and daily bitcoin issuance, as provided by the University of Cambridge.” The Cambridge Bitcoin Electricity Consumption Index The CBECI has shown that BTC consumption is increasing annually. December 31.22 terawatthours (TWh). With ASIC miners that aren’t financially viable due to current mining difficulties totalling 35.36 Billion Dollars and BTC prices per of $16,572 per UnitThis is a significant amount.
For For Example: Electricity costs at $0.12/kWh make any of the current SHA256 ASIC designs un
