Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
by
larry_vw_1955
on 11/09/2024, 05:31:17 UTC

That has nothing to do with how high or low fees are. Fees go up or down depending on network demand. But what actually more cost-efficient miners mean during the current period of "low profitability" in Bitcoin mining is, it will be harder for the less-efficient miners to profit or to break-even. They will either need to turn off their mining farms or migrate to a region where they could mine using cheaper electricity.


humans seem to be willing to take alot of abuse and then more on top of that. just so they can make a few bucks. that's going to be miners oneday...  Shocked everyone is going to be shitting on them and they will be barely breaking even. what a wonderful world.