4 ms·

Wow not even mentioning difficulty. What a terribly researched article.

• tmh88j 9y ago
  It's a Bloomberg article, I think they wanted to keep it simple on the tech side and focus on the money. Besides, electrical costs are essentially a predictor of difficulty. The higher the electrical costs the fewer miners there will be. Smaller operations and household miners might have to close up shop if high electrical costs and low Bitcoin price don't make mining feasible. Miners dropping off the network means the difficulty will drop too.
• wmf 9y ago
  Note that the article is a summary/advertisement for an analyst report. Hopefully the report itself takes difficulty into account.