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Bitcoin Mining Profitability Begins Falling After Stellar 12 months: Analysis

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However 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 mentioned. Mellerud attributed the slide to “a 28% drop within the bitcoin worth over the identical interval, coupled with a 12% improve in [mining] problem.”

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