Post
Topic
Board Speculation
Re: Price of Bitcoin and Mining Profitability
by
Strongkored
on 06/01/2016, 17:34:47 UTC
The cost of Chinese miners powered  hydro elecricity is around $150 per bitcoin. Some of them will not be profitable when the difficulty rises further.

And then the inevitable happens... the price rises .... and mining becomes profitable again.

That's how the cookie crumbles!!!

The difficulty will rise again to make the mine less profitable, then the price rises again. This cycle continues.