energy costs

Turning a profit from Bitcoin mining is a challenge, but not impossible. Here are some factors to consider if you want to start.

The relationship between energy prices, hash rate, difficulty and the bitcoin price will be extremely important as the price of energy rises.

Energy suppliers should be clamoring over the opportunity to get a steady, predictable power use customer, and Bitcoin is exactly that.

As bitcoin’s price outpaces the cost of mining in China, it can be difficult to procure a bitcoin miner.

Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. Since late 2018, the oil-rich Middle East country of Iran has become a hotspot for Chinese miners.

Under the right circumstances, cryptocurrency mining can produce a minimal carbon output. Moreover, its energy emissions can be recycled for other eco-friendly endeavors.

This was written in response to a piece written by Tim Fernholz about miners spending $17 million a day for a shot at $4.4 million of...