Ethereum update: Average Global Electricity Cost?
As Ether difficulty continues to rise and its price continues to fall, I am curious to what point the mining will no longer be profitable against electricity costs.
Here in Vancouver, I pay the equivalent to 0.10USD/kWh. Based on my rates, mining Ethereum break even point for me is ~$200USD/Ethereum.
What rates do you guys pay? And what do you think the average global electricity rate is?
I am under the impression mining Ethereum is no longer profitable in most of the World. Please tell me what you think below 🙂
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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