Comment on Bitcoin mining is no longer profitable
humanspiral@lemmy.ca 5 weeks agoAlso a clue from one of the links is that “German industrial rate customers, cost is $200k/btc”. Their industrial rate is $0.25/kwh, and so then their claim is based on 12c/kwh utility rates. Utility rates has pretty much always been cost prohibitive. Wholesales and behind the meter power is certainly an advantage large scale mining uses.