Looks like an ideal time to build your dream Bitcoin mining rig: Cheap GPUs + lower hash rate
over 15% on average as supply exceeded the market demand. Moreover, the recent influx in GPUs has forced sellers on the secondary markets to bring down their exorbitant prices on used mining rigs.Cointelegraph previously reported that several public Bitcoin miners are well-positioned to survive the prolonged bear market as the low revenue continues to sustain the operational costs of the mining facilities.
Speaking to Cointelegraph, Charlie Schumacher, VP of corporate communications at Marathon Digital, shared insights on their overall operations: “For reference, in Q1 2022, our cost to produce a Bitcoin was approximately $6,200. We also have fixed pricing for power, so we are not subject to changes in the energy markets.”
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