Charles Edwards, founder of Capriole Investments, reported an electrical cost of $77,400 per Bitcoin mined on April 22. Therefore, as of this writing, Bitcoin miners spend $11,000 more in electricity ...

The latest Bitcoin halving, which slashed the block reward from 6.25 BTC to 3.125 BTC, has forced less efficient mining rigs offline as miner revenues dropped to levels equivalent to a Bitcoin price ...

Bitcoin miners use computing rigs to mine bitcoin and ... Even with the disparities in electricity costs across geographical regions, the difference still allowed many miners to make profits.