Post
Topic
Board Mining speculation
Re: Has Bitcoin mining ever been so unprofitable?
by
Sandal_Hat
on 15/03/2018, 03:37:47 UTC
Do you know anybody with experience running a BTM business?  I'm exploring starting one in El Salvador.

I dont know any bitcoin miner in salvador. Are u sure it is worth it to use mineral oil? Mining profitability is horrible now.

Right now, if bitcoin price rise up suddenly to 20k, a huge flood of mining equipment orders will flood the asic manufacturers. In 3 weeks to 2 months, a ton of asics arrive and mining goes back to this bad profitability or close to it. Only bitcoin holders win. Thats the problem with overcapacity.



(Moderator's note: This post was edited by frodocooper to trim the quote from Sr.Urbanist.)