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Is it just us or does mining 10 bitcoin a day not sound like much for a cryptocurrency megacorp?

Turns out, even with stacks upon stacks of ASICs and GPUs, all linked up and pumping away with the use of abundant hydro and nuclear power, huge mining initiatives, such as the Hut 8 Mining Corp , seem to be taking losses.

While that might sound like a win for Hut 8, let’s wind the clocks back to see just how much of a flop this year has been for the company.

Sparing you the calculations, despite the company’s 1,500 increase in bitcoin held, that actually works out as a comparative loss of around $57 million.

Her thirst for absurd Raspberry Pi projects will never be sated, and she will stop at nothing to spread internet safety awareness—down with the hackers.

…Read the full story

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