reply on: Cost Analysis — Are bitcoin miners burning too much cash? (Part 1 & 2) \ stacker news ~bitcoin

pull down to refresh

0 sats \ 2 replies \ @Bell_curve 11 Mar \ on: Cost Analysis — Are bitcoin miners burning too much cash? (Part 1 & 2) bitcoin_Mining

the margins are negative?

and the cost is higher than average btc price?

10 sats \ 1 reply \ @k00b OP 11 Mar

For the time being it looks that way.

21 sats \ 0 replies \ @028559d218 11 Mar

I hope the ones in the United States (the big corporate ones) get rekt. Foundry is absolutely bigger than it should be and getting mining 'out of the United States' would be good for decentralization and long-term security.