Canadian BTC miner Hive Blockchain earned $3.15 million, equivalent to 184 BTC in December 2022.
They mined 4,752 BTC in 2022, 18% more than in 2021.
Bitcoin mining profitability has dropped by 70%.
Bitcoin miners worldwide are facing serious problems in 2022, many players are struggling to stay afloat, and some even filed for bankruptcy. But one Canadian BTC miner, Hive Blockchain (HIVE), earned $3.15 million, which is approximately 184 BTC. They achieved this profit by curtailing their power usage in December 2022 and mined 213.8 BTC that month.
There have been continuous efforts by miners to cut short power usage at the time of higher demands or sell back to the grid, all to cope with the troubled market.
Hive utilizes a mix of computers purpose-built for BTC mining, known as Application Specific Integrated Circuits (ASIC), along with GPUs to mine other tokens; these minted alt-coins are then converted to Bitcoin.
Hive’s production was down by approximately 20% or 50
We współpracy z: https://www.thecoinrepublic.com/2023/01/11/hive-earned-184-btc-approx-in-december-curtails-power-use/
