- Joined
- Sep 2, 2019
- Messages
- 6,544
- Reaction score
- 4,845
Potential Bitcoin mining profits hit by Ethereum miner migration
The amount of computing power dedicated to Bitcoin mining surged to a record as more companies made use of the energy and data centre space freed up after the upgrade of the Ethereum network, likely further compressing profit margins.
Mining difficulty, a measure of Bitcoin miners’ computing power for the blockchain, has jumped by 13.6% in the two-weeks ended Monday.
[Bloomberg]
The amount of computing power dedicated to Bitcoin mining surged to a record as more companies made use of the energy and data centre space freed up after the upgrade of the Ethereum network, likely further compressing profit margins.
Mining difficulty, a measure of Bitcoin miners’ computing power for the blockchain, has jumped by 13.6% in the two-weeks ended Monday.
[Bloomberg]