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Inflation is at a 40-year high led by soaring energy prices reminiscent of the 1970s oil crisis. Whether one attributes rising prices to reckless monetary policy, excessive fiscal stimulus, a pandemic creating shortages, or geopolitical conflict, one thing is certain
for bitcoin miners: rapidly rising electricity rates are here and it’s going to be a fight for many just to survive.
Casualties have begun rolling in with Core Scientific warning
last week that the company will fail to make debt payments in the coming months, echoed
Monday by Argo Blockchain’s similar notice.
Amidst shrinking mining revenue and increasing operational costs, let’s examine the importance of choosing the right location for your bitcoin miners to outlast the bear market.
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