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September 23, 2020
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Some Bitcoin miners are not profitable during the high water season

The start of the water season in China The Sichuan, Yunnan, and Guizhou regions of China have reached the water season when electricity costs have dropped, but the impact of the half-life on China’s mining industry has spread more than expected. It was reported from the local media “Deep Flow”. Some companies that used thermal power generation ($0.05/kWh) were able to move their machines to the hydroelectric power generation area, which has been around $0.028/kWh. Even if they did, many companies withdrew without prospects for profitability. In the area of ​​Inner Mongolia, where mining is thriving,…

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