May 12, 2022, 10:47AM EDT
• 10 min read
An Updated Look at Bitcoin Miner Profitability
- Bitcoin’s hashprice has reached the lowest point since November 2020, thanks to the recent market slump and growing mining difficulty.
- That has significantly changed the economics for some old-gen ASIC miners that were estimated to account for 20% of the network hashrate as of December.
- This piece takes an updated look at the break-even prices, miner shipment, and the possible scenarios that could play out this year.