Global GPU price drops to compensate for falling Bitcoin mining revenue

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Looks like an ideal time to build your dream Bitcoin mining rig: Cheap GPUs + lower hash rate

over 15% on average as supply exceeded the market demand. Moreover, the recent influx in GPUs has forced sellers on the secondary markets to bring down their exorbitant prices on used mining rigs.Cointelegraph previously reported that several public Bitcoin miners are well-positioned to survive the prolonged bear market as the low revenue continues to sustain the operational costs of the mining facilities.

Speaking to Cointelegraph, Charlie Schumacher, VP of corporate communications at Marathon Digital, shared insights on their overall operations: “For reference, in Q1 2022, our cost to produce a Bitcoin was approximately $6,200. We also have fixed pricing for power, so we are not subject to changes in the energy markets.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$farm scam tokne harvest_finance

CPU, GPU, somethingCU

Sekuya Skuy NFT Multiverse sekuyaofficial 🚀

Who mines with a CPU these days anyways 🤷🏻‍♂️

What? With energy prices rising to record levels?

They don't want you to know this..

Marscoin ! BTC is gold but Marscoin is the future. Join us for the MarscoinExpo2022 🤝

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines