Crypto exchange Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, which is split between the hashrate and electricity costs at $1.17 and $9.558 respectively. Here are the most important things to know about this:
1. Binance is offering a competitive price for its mining services. At $10.7280 per Th/s, it is one of the lowest prices in the market. This makes it an attractive option for miners who are looking for a cost-effective way to mine cryptocurrencies.
2. The electricity costs are significant. At $9.558 per Th/s, the electricity costs account for the majority of the price. This means that miners will need to have access to cheap electricity in order to make a profit.
3. Binance is a reputable exchange with a strong track record. This gives miners peace of mind knowing that they are working with a reliable partner.
In summary, Binance’s offer of 1 Terahash per second (Th/s) at $10.7280 is a competitive option for miners who are looking for a cost-effective way to mine cryptocurrencies. However, the high electricity costs mean that miners will need to have access to cheap electricity in order to make a profit. Overall, Binance’s reputation as a reliable exchange makes it an attractive option for miners.