Bitcoin Miners’ Revenue Down Over $100M

[Milan1009]

GN Fam. Saw this article a few days ago and wanted to have the input from the BTC mining community, given the electricity costs and the current revenue in the field, are you planning to continue the BTC mining or would you shift your efforts towards another coin?

https://tokenist.com/16-7-drop-in-revenue-and-rising-electricity-cost-trouble-btc-miners/

[1714889437]

1714889437

[1714889437]

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[1714889437]

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[philipma1957]

GN Fam. Saw this article a few days ago and wanted to have the input from the BTC mining community, given the electricity costs and the current revenue in the field, are you planning to continue the BTC mining or would you shift your efforts towards another coin?

https://tokenist.com/16-7-drop-in-revenue-and-rising-electricity-cost-trouble-btc-miners/

Good question

I am not a garage miner

We are 4 guys with over 200k in different miners

Our peak earnings last year were 30k a month

We are down to 9k

But we have cheap power and we are getting a 280kwatt solar array on line.

So we will always turn a profit. Barring fires, earthquakes, tornadoes, hurricanes or theft of the gear.

We mine

BTC
ETH
LTC/DOGE

We also have all gear paid off.
We are not expanding at the moment. Between lower profits and very hot summer we will delay more growth.

[paid2]

GN Fam. Saw this article a few days ago and wanted to have the input from the BTC mining community, given the electricity costs and the current revenue in the field, are you planning to continue the BTC mining or would you shift your efforts towards another coin?

https://tokenist.com/16-7-drop-in-revenue-and-rising-electricity-cost-trouble-btc-miners/

Good question

I am not a garage miner

We are 4 guys with over 200k in different miners

Our peak earnings last year were 30k a month

We are down to 9k

But we have cheap power and we are getting a 280kwatt solar array on line.

So we will always turn a profit. Barring fires, earthquakes, tornadoes, hurricanes or theft of the gear.

We mine

BTC
ETH
LTC/DOGE

We also have all gear paid off.
We are not expanding at the moment. Between lower profits and very hot summer we will delay more growth.

Hello Philip

May I ask you what kind of hashrate do you have for SHA256 algo ? Dozens of ph/s ?
Just basically curious, please ignore my message if you don't appreciate it.


To answer to OP, personnaly I mine now with 2 guys, and we have access to almost-free electricity, so we won't stop. But I have to say that 2-3 times, we thought to switch everything off because of climate issues due to a hardcore summer.