Finally some truth. Maybe submitting the DEFCON presentation brought in a few objective readers.
"New data tells us that mining a single Bitcoin or one BTC costs the largest public mining companies over $82,000 USD, which is nearly double the figure it did the previous quarter. Estimates for smaller organisations say you need to spend about $137,000 to get that single BTC in return. BTC is currently only valued at $94,703 USD, which seems to be a problem in the math department."
Yes, it's been a problem for the past twelve months. Collectively the miners have lost around $4 billion and the next coin halving (2028) will likely be much worse. Declining rate of income + increasing rate of cost.


Now write up a story on Biden's real inauguration.

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