Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners

Cointelegraph

Published Oct 21, 2022 06:34AM ET

Updated Oct 22, 2022 08:40AM ET

Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents.

The latest Q3 mining report from Hashrate Index has highlighted several factors that have led to a significantly lower hash price and higher cost to produce 1 BTC.

Continue Reading on Coin Telegraph