Bitcoin mining profitability plunges as power prices rise on higher demand
December 1, 2023 Comments Off
Bitcoin mining profitability rates plunged across Europe as an end-of-November cold snap pushed day-ahead power prices higher due to rising demand, S&P Global Commodity Insights data showed. Bitcoin Renewable Quarq Spreads in Germany and France fell to negative Eur90/MWh as French power demand hit 70 GW. Meanwhile in Germany coal and lignite output ramped up to 27 GW to meet…
Bitcoin mining profitability plunges as power prices rise on higher demand
Bitcoin mining profitability rates plunged across Europe as an end-of-November cold snap pushed day-ahead power prices higher due to rising demand, S&P Global Commodity Insights data showed. Bitcoin Renewable Quarq Spreads in Germany and France fell to negative Eur90/MWh as French power demand hit 70 GW. Meanwhile in Germany coal and lignite output ramped up to 27 GW to meet…
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