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Bitcoin Miner Profitability Could Double After Record Drop in Network Difficulty
Summary: Active bitcoin miners may see their profitability double following the 28% downward difficulty adjustment in mining on July 3, according to several mining sites. The North American hash spread has almost doubled to $449 from $225. It is an index invented by digital asset financial services platform BitOoda to measure the difference between bitcoin mining revenue ...
Active bitcoin miners may see their profitability double following the 28% downward difficulty adjustment in mining on July 3, according to several mining sites. The North American hash spread has almost doubled to $449 from $225. It is an index invented by digital asset financial services platform BitOoda to measure the difference between bitcoin mining revenue per megawatt-hour and the cost of the needed power. Sam Doctor, chief strategy officer at BitOoda, wrote in a newsletter, “mining economics have improved significantly”.
By Amy Liu
Tags: Bitcoin Miner,Difficulty,Profitability
Link: Bitcoin Miner Profitability Could Double After Record Drop in Network Difficulty [Copy]
