For small miners, numbers are even worse. A Bitcoin mining in the United States can cost about $ 137,000. In Germany, the cost can reach $ 200,000. These figures mean that many small miners are no longer lost, unless the cost of Bitcoin significantly increases in the future.
The increase in costs is due to various factors: an increase in electrical prices, the cost of high mining equipment (partially due to tariffs) and a settled change in the Bitcoin system reduces fees for the removal of new coins.
Experts say that as mining becomes less affordable, the promise of Bitcoin’s decentralized and eliminating equalization currency has disappeared. At the same time, the reserve concentrates on the top – more than 90 % of the total Bitcoin belongs to only 1 % of the wallet address.
Source: Ferra
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