Even if Bitcoin rises 30% a year this renewable mining model still loses money as hashrate keeps pace

Bitcoin trades near $63,600, below the lowest Bitcoin price researchers tested against a modeled wind-powered mining operation in a new Energy Economics study. At that price level, their model shows no payback within six years under any curtailment scenario they ran. The study, by researchers at the Technological University of the Shannon, models a 20 […] The post Even if Bitcoin rises 30% a year this renewable mining model still loses money as hashrate keeps pace appeared first on CryptoS