Birdwatch Note Rating
2024-11-05 17:41:31 UTC - HELPFUL
Rated by Participant: 16A665397ECE1584016EC4898401C4549AAB3CCBF85613EE531E6EB794DE3807
Participant Details
Original Note:
The claim that mining one Bitcoin costs $81.4K while its value is $67.6K is misleading. Average post-halving costs are closer to $53K, varying by energy and hardware. Some miners face higher costs, but this is not industry-wide. Sources: https://www.tokenmetrics.com/blog/is-bitcoin-mining-profitable and https://www.wisdomtree.com/investments/blog/2024/07/22/bitcoin-halving-and-mining-update-mid-2024-perspective
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