Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment Bitcoin is crashing hard, reaching historic lows of well below the $70K mark.
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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment
https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment
Bitcoin is crashing hard, reaching historic lows of well below the $70K mark. At the time of writing, the token is hovering just above $63K, levels we haven’t seen since Oct 2024.The ongoing plunge has made it far less economical to mine the digital token, a notoriously compute- and energy-intensive process — to the point that large-scale computing companies are starting to unplug their equipment
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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment
https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment
Bitcoin is crashing hard, reaching historic lows of well below the $70K mark. At the time of writing, the token is hovering just above $63K, levels we haven’t seen since Oct 2024.The ongoing plunge has made it far less economical to mine the digital token, a notoriously compute- and energy-intensive process — to the point that large-scale computing companies are starting to unplug their equipment
Good.
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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment
https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment
Bitcoin is crashing hard, reaching historic lows of well below the $70K mark. At the time of writing, the token is hovering just above $63K, levels we haven’t seen since Oct 2024.The ongoing plunge has made it far less economical to mine the digital token, a notoriously compute- and energy-intensive process — to the point that large-scale computing companies are starting to unplug their equipment
@kim_harding "Historic lows" ... "haven't seen since 2024"
Some people have a rather short view of "history".
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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment
https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment
Bitcoin is crashing hard, reaching historic lows of well below the $70K mark. At the time of writing, the token is hovering just above $63K, levels we haven’t seen since Oct 2024.The ongoing plunge has made it far less economical to mine the digital token, a notoriously compute- and energy-intensive process — to the point that large-scale computing companies are starting to unplug their equipment
@kim_harding this correction is exactly the mechanism by which miners get culled, power usage goes down and the network grows more efficient.
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J jwcph@helvede.net shared this topic
