Hash revenue just hit a brutal milestone — miners are now earning roughly $35 per petahash daily, while operational costs hover around $44. The math isn't mathing.
Some operations are already powering down. When you're bleeding $9 per PH every single day, the question becomes unavoidable: why mine at a loss when you could just stack sats directly?
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HallucinationGrower
· 12-07 12:01
If miners still insist on mining, who can they blame? Wouldn't it be better to just go all-in on Bitcoin?
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ReverseTradingGuru
· 12-06 14:33
Miners suffer heavy losses, should have switched to holding coins long ago
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WhaleWatcher
· 12-06 08:59
Losing $9 every day, might as well just buy the coins directly.
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GateUser-e87b21ee
· 12-04 13:01
Damn, $9/PH loss is really outrageous. No wonder all the miners left.
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TradingNightmare
· 12-04 13:01
Another batch of miners is going bankrupt. Now things are getting interesting.
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StablecoinGuardian
· 12-04 12:57
This is the real state of the mining industry; someone should have pointed it out long ago.
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AirdropATM
· 12-04 12:55
Bro, these miners are really something. They're still mining even though they're losing money?
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Rugpull幸存者
· 12-04 12:53
Now miners are really going to cry. Who would keep doing a business that loses 9 bucks a day?
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TeaTimeTrader
· 12-04 12:51
Damn, this yield is insane. Might as well just hold the tokens.
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CryptoHistoryClass
· 12-04 12:35
*checks notes*
ah yes, the classic "why am i hemorrhaging money" phase. we saw this exact same playbook during the 2018 collapse... miners capitulating always precedes the interesting bits
Hash revenue just hit a brutal milestone — miners are now earning roughly $35 per petahash daily, while operational costs hover around $44. The math isn't mathing.
Some operations are already powering down. When you're bleeding $9 per PH every single day, the question becomes unavoidable: why mine at a loss when you could just stack sats directly?
The calculus is shifting fast for mining farms.