BlockchainEconomics

#CryptoCPIWatch
CryptoCPIWatch is an innovative platform designed to monitor inflation trends within the cryptocurrency market. By analyzing real-time data, it tracks the Consumer Price Index (CPI) for various digital assets, providing insights into how inflation impacts cryptocurrencies like Bitcoin and Ethereum. This tool is invaluable for investors and traders seeking to understand the economic forces shaping the digital asset landscape. With its user-friendly interface and advanced analytics, CryptoCPIWatch enables users to make informed decisions in an ever-evolving market.
Binance
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Binance
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#CryptoCPIWatch #CryptoInflation #DigitalAssets #CPITracking #BlockchainEconomics

Mining is getting more expensive, but Bitcoin is still in the green! 💰🔌

CoinShare experts have recorded new figures for BTC mining in Q3 2024: the cost of mining has risen to $55,950 (+13% compared to Q2). However, miners are not disheartened – the average profit stands at 83%! 🚀

🥇 Marathon – the leader in efficiency: only $42,864 for 1 BTC.
🥴 Meanwhile, Argo spends over $90,000 on a coin and comes in last.

Why is mining becoming more expensive?

Increased decentralization of mining 🌐

Rising electricity costs ⚡

The hype around AI has slowed down scaling 💻

Main expenses for miners:
1️⃣ Electricity 🔋
2️⃣ Equipment wear and tear ⚙️
3️⃣ Additional non-core costs 💸

What about the environment? 🌱
The eco-campaign “Change the Code” by Greenpeace USA has been shelved, unable to withstand the pressure of reality. It seems that BTC is going its own way! 🔗

Conclusion: Mining the first cryptocurrency is more challenging, but those who know how to count are in luck! 🍫

#BitcoinMining
#CryptoNews
#BlockchainEconomics
#BTC