BTC hash rate has recently been at or above 100 exohash/s w…
BTC hash rate has recently been at or above 100 exohash/s which makes it very expensive to mine, I think. When do miners start to lose money? Hashrate goes up, USD price go down what is the crossover? Anybody know?
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Mining profitability is (basically) a function of four things:
- Market Price
- Difficulty
- Current hashrate
- Cost of electricity (this is the major factor that determines an individual miner's profitability at a given market price)