A few days ago, there was a sharp drop in the difficulty of Bitcoin mining.
This drop reduced the cost of mining because it reduced the volume of calculations required on average to mine individual blocks.
However, according to what was revealed in the recent State Of The Mining Industry by Dylan LeClair and Sam Rule, this may only lead to “temporary relief.”
The problem with Bitcoin mining costs
The problem that is plaguing the crypto mining sector, but also all other energy-intensive industries, is the rising cost of energy.
Due to various factors, including the post-pandemic recovery, the very expansive monetary policies of central banks in recent years, and especially the war in Ukraine with the resulting sanctions on Russia, fossil fuel prices have risen a lot.
Unfortunately, Bitcoin mining still uses fossil sources on a large scale, and in addition, the rising cost of fossil-generated electricity has inevitably generated greater buying pressure on other sources as we
We współpracy z: https://en.cryptonomist.ch/2022/12/09/bitcoin-mining-problems-over/
