Post
Topic
Board Mining
Re: Texas bitcoin miners halt operations to save energy during heat wave
by
jessica.roy
on 11/09/2023, 06:01:14 UTC
Mining Bitcoin has become increasingly challenging due to a multitude of unfavorable factors. Widespread power cuts have disrupted mining operations, causing significant downtime and hindrances. Moreover, the surge in electricity fees has elevated operational costs, further squeezing profit margins for miners. As if that wasn't enough, the downturn in Bitcoin's market value has added another layer of adversity, making it less rewarding. In this confluence of adverse circumstances, the once-promising world of Bitcoin mining has encountered substantial hurdles, making it a less appealing venture for many.