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Increasing mining difficulty continues to erode Beijing Bitmain's and Allrise Capital's revenue potential from their massive bitcoin mining facility in Usk, WA. Yesterday, bitcoin mining difficulty extended to yet another all-time high. Mining difficulty impacts the number of bitcoin miners are able to earn each day. With yesterday's increase, Bitmain's 18,000 mining computers in Usk can no only earn around 6.1 bitcoin per day compared to around 9 bitcoin per day last September when they began full-scale operations-- a 30 percent drop in bitcoin earning potential in just 9 months! The bitcoin algorithm automatically adjusts mining difficulty every two weeks in order to maintain the rate of global bitcoin production to 900 per day. As more and more miners have joined the bitcoin mining guessing competition, difficulty levels have nearly doubled (180% increase) since September.  Source: Bitcoin Difficulty Chart - BTC Difficulty - CoinWarz
To put this change in perspective, under the current bitcoin mining difficulty and price conditions, Bitmain/Allrise would have generated almost no after-power revenue in April 2023. For a more more details on how difficulty levels impact Bitmain's/Allrise's revenue potential see: It's counterintuitive-- Bitcoin prices are edging up, but that's a bad thing for Beijing Bitmain's/Allrise Capital's Usk bitcoin mining facility - PROTECT PEND OREILLE And POC Cryptonomics - PROTECT PEND OREILLE
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