Post
Topic
Board Economics
Re: So mining is apparently only profitable if btc is over $8600
by
pawanjain
on 20/04/2018, 11:12:56 UTC
Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.

I don't think it is true and yes why should we take Morgan Stanley statement very much serious if he is unknown from the real stats of mining and other valuations of the respected living country of the miner. It totally depends on the country's economic conditions, their amount and quality of resources like Electricity and hardware requirements, and one thing matter a lot is whether the country is supporting the Mining business or not. I think it can be managed well if countries joined together and take some necessary plans and steps by which they can decrease the cost of Mining to a certain extent. In my country India, the cost of mining is somewhere around $3000-$4000.