Because the value of Bitcoin is falling, the mining equipment has begun to operate at a loss. Electricity costs are rising and profits are falling. As Bitdeer points out, some equipment, like Antminer, that was produced in 2019 has stopped making a profit. So far, devices such as Antminer S19 and Whatsminer M30S+ and Antminer S19j are profitable.
Michael Saylor: “Bitcoin will never hit zero” . In an interview with Squawk Box on CNBC, prominent Bitcoin proponent Michael Saylor stated that BTC skeptics and opponents have failed. He mentioned a bill to regulate cryptocurrencies in the US, which Senators Kirsten Gillibrand and Cynthia Lummis have already completed work on.
U.S. firm Crusoe Energue, which specializes in using surplus natural gas for Bitcoin BTC mining, will soon begin deploying generators and equipment to collect the flared gas in Muscat, the capital of Oman. Crusoe CEO Chase Lochmiller commented that the company considers its presence in the Middle East and North Africa region important because that location accounts for 38% of global excess natural gas flaring from oil wells.