Bitcoin Mining Profitability Starts Falling After Stellar Year: Research

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But between Nov. 9 and Dec. 22, money flows from bitcoin mining utilizing Bitmain’s Antminer S19 have decreased by 36%, Jaran Mellerud, a researcher at Norway-based Arcane, informed CoinDesk. For the S9 they’ve dropped 50%, he stated. Mellerud attributed the slide to “a 28% drop in the bitcoin price over the same period, coupled with a 12% increase in [mining] difficulty.”