Mining in China will be profitable even if the price of Bitcoin is halvedChina's mainers are not hampered by the growth of electricity tariffs and the drop in the price of the currency.
Bloomberg writes that Bitcoin-mining in China remains so profitable that even if the price of Bitcoin collapses in half, the miners will still make a profit. The profitability of mining is not affected by the growth of tariffs for electricity.
Mining in China remains profitable
Last year, the rise in the price of Bitcoin dramatically increased electricity consumption in the world, by increasing the number of computers used for mining, while 75% of these computers worked in China.
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