reply on: 🧵Riot earned more in July when its miners were powered off than when powered on \ stacker news ~bitcoin

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0 sats \ 3 replies \ @BTCMiner OP 3 Aug 2022 \ on: 🧵Riot earned more in July when its miners were powered off than when powered on bitcoin

Being paid $1.09 p er kWh t os h u t in yo u r minin g o p er a t i o ni s w i l d w h e nminin g re v e n u e i s$ 0.14 per kWh (assuming 110 TH/s and 3.45 kW)

https://twitter.com/RG_Leachman/status/1554852224672714754 https://nitter.it/RG_Leachman/status/1554852224672714754

0 sats \ 2 replies \ @BTCMiner OP 3 Aug 2022

Here's Riot's July revenue report:

Riot Blockchain Announces July 2022 Production and Operations Updates https://www.riotblockchain.com/news-media/press-releases/detail/135/riot-blockchain-announces-july-2022-production-and

0 sats \ 1 reply \ @BTCMiner OP 3 Aug 2022

There's another post, here on SN, that shares an article from CoinDesk:

Riot Blockchain Mined 28% Less Bitcoin in July as Heat Wave Cut Power Supply #53924 https://www.coindesk.com/business/2022/08/03/riot-blockchain-mined-28-less-bitcoin-in-july-as-heat-wave-cut-power-supply/ https://archive.ph/X4IHJ <-- An archive, which can be easier to read

0 sats \ 0 replies \ @BTCMiner OP 3 Aug 2022

There's also an article on Bloomberg, shared here on SN:

Bitcoin Miner Made Millions in Credits by Shutting Rigs During Texas Heat #54037 https://www.bloomberg.com/news/articles/2022-08-03/bitcoin-miner-made-millions-by-shutting-rigs-during-texas-heat https://archive.ph/WNVWg