REPORT ABUSIVE REPLY
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Message Subject
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This izit !!!,, Bitcoin crashing to $10,000
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Poster Handle
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Anonymous Coward |
Post Content
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What's happened to crypto-mining? Do people still do that?
Quoting: Anonymous Coward 82917880 [ link to broward.ghost.io (secure)] "The Bitcoin network is collectively losing $5 billion per year while heading into an environment of rising energy costs and recession. In early 2024, the Bitcoin algorithm reduces mined coins to half so at the current price, the annual loss would almost double to $8.4 billion." miners losing $500 million per month since May. at $10k, miners will lose $725 million per month, which increases to $860 million in 1st qtr of 2024. .
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