Bitcoin Forum
July 19, 2019, 03:57:38 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: [2019-04-22] ShutterstockBitcoin Mining Finally Profitable...  (Read 31 times)
adel hmdt
Hero Member
Offline Offline

Activity: 559
Merit: 503

View Profile
April 22, 2019, 05:17:55 AM

By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550.
Across major cryptocurrency markets, the bitcoin price is at $5,265, which for miners presents a substantial profit per every block mined considering the breakeven price of $3,550 and the potential appreciation of bitcoin.
Does it Mean the Start of a Bitcoin Bull Market?

While the analysis Krüger uses the rate of electricity at $0.055 per kWh, depending on the region miners are based, the rate could vary.

For instance, Krüger said that CoinGeek reported a rate of electricity at $0.073 per kWh to mine proof-of-work (PoW) cryptocurrencies like bitcoin in last December, which would raise the breakeven cost of bitcoin mining.


Am I spamming? Report me!
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!