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Bitcoin Eyes $50K, Oil Jumps, Stocks Lose Steam - Market MavericksUsing these data, we conclude that since June Bitcoin mining is no longer profitable for commodity miners without access to electricity prices below The economics of crypto mining are driven by a variety of factors, including cryptocurrency prices, mining difficulty, hardware costs, energy. Today, bitcoin mining is barely profitable. For many, costs are too high and rewards are too low for profitability.
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