Cryptocurrency News

Not just Bitcoin price: Factors affecting BTC miner profitability

07/24/2022

Less than a minute

2022.07.24 14:45

Not just Bitcoin price: Factors affecting BTC miner profitability

The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin.

Closely tied to the drop in the BTC price, Bitcoin mining profitability has been tanking since late 2021 and reached its lowest multi-month levels in early July 2022.

07/24/2022

Less than a minute

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