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Serious question: who is mining bitcoin still, and how are we seeing such growth lately? Last I read up on it there were some data farms crunching away barely
by jastanton 9y ago
Serious question: who is mining bitcoin still, and how are we seeing such growth lately?
Last I read up on it there were some data farms crunching away barely covering their expenses, and it’s only getting harder. How can we even see see such growth?
- pmorici 9y agoBitmain, a Chinese startup is the biggest player in the space in terms of selling the equipment to mine. Miners that operate at scale are quite profitable. It's only little guys that were doing it at home who weren't making money at it any more.
- twelve40 9y agoIf you get a bunch of S9's ($1500 each) and find a good rate - there are places outside US and China where power is as cheap as $0.012 KW/h - at the current price you would make about $667/mo for each S9.
- twelve40 9y agoIn fact, even in US if you run just one S9 in Wyoming ($0.08 per KW/h), you'd still make about $600 per device per month. No need for a data farm.