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Bitcoin Mining Profitability Declines Despite Increase in Revenue

Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines. A Mixed Bag of Fortunes for Bitcoin Miners According to Diar, revenue accrued by BTC miners for the first half of 2018 exceeded the total revenue…
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