⛏ BITCOINMINNG DIFFICULTY COULD DROP 6.5% - BUT OLDER MINERS ARE STILLGLING Bitcoin Miners may be in order to get some relief. Current estimates of the Bitcoin Difficulty Adjustments project could fall by about 6.5% around November 13th. Lower difficulty means miners need less computing work, on average, to earn the same share of Bitcoin block rewards. If the expected adjustment occurs while Bitcoin prices and transaction costs remain unchanged, revenue per token unit could increase by about 7%. But there is a problem. Even after this improvement, older Antmander S19 machines may still struggle to cover electricity costs at $0.05 per watt. One 95 TH/s S19 model needed electricity near 0.0415 kilowatts just to cover the direct power consumption of the machine after the expected difficulty was reduced. New hardware S21 is in a much stronger state because it produces significantly more computing power for each unit of electricity consumed. Important: This is how Bitcoin mining markets naturally remove inefficient hardware. When Bitcoin prices fall or mining revenues decline, older machines become unprofitable first. They close, network hashrate falls and it is difficult to eventually adapt lower. The web becomes easier for me. But the most efficient operators survived. A 6.5% drop could help miners. For older machines, this is still not enough. @BitcoinNews.

⛏ BITCOINMINNG DIFFICULTY COULD DROP 6.5% - BUT OLDER MINERS ARE STILLGLING Bitcoin Miners may be in order to get some relief. Current estimates of the Bitcoin Difficulty Adjustments project could fall by about 6.5% around November 13th. Lower difficulty means miners need less computing work, on average, to earn the same share of Bitcoin block rewards. If the expected adjustment occurs while Bitcoin prices and transaction costs remain unchanged, revenue per token unit could increase by about 7%. But there is a problem. Even after this improvement, older Antmander S19 machines may still struggle to cover electricity costs at $0.05 per watt. One 95 TH/s S19 model needed electricity near 0.0415 kilowatts just to cover the direct power consumption of the machine after the expected difficulty was reduced. New hardware S21 is in a much stronger state because it produces significantly more computing power for each unit of electricity consumed. Important: This is how Bitcoin mining markets naturally remove inefficient hardware. When Bitcoin prices fall or mining revenues decline, older machines become unprofitable first. They close, network hashrate falls and it is difficult to eventually adapt lower. The web becomes easier for me. But the most efficient operators survived. A 6.5% drop could help miners. For older machines, this is still not enough. @BitcoinNews.