Price per BTC has gone up 150% within the year, so not sure why you're saying that.
Rewards per mining rig have been halved within the last year.
In April this will happen again. Bitcoin price doesn't compensate for that - yet™. Miners' faith in the corn musst be very strong these days.
Happy holidays and a happy bulmarket, nostr:npub1g4jdvuxv9dgkcqtn5fupf2l9mr9xp27glzp6eq450dwfszrhfp9scxfm70 😉
Discussion
Because there was a year before January 2023, too 😉 I did my calculations on mining profit based on what I thought was the price bottom back in summer 22 😆
We're back there now when it comes to price, but the reward is still only 50%.