And yet mining is once again looking profitable!
mining has always been profitable and will remain profitable and it doesn't matter
much how much the price is. the difficulty will always make sure it remains profitable in the same level as always.
the rest i can agree with. and i believe we are going to see $11k before this month ends which will be going back to normal once again.
Plattsburgh, New York has imposed an 18-month ban on cryptocurrency mining due to to massive consumption of electricity by cryptocurrency miners. You can find more on this
here. Secondly, BTC market is fully bullish right now after a drought that lasted for almost 4 months. Right now its 9.5K and if market continues moving at this pace we might see 11k barrier crossed by May. When BTC is in gree whole crypto market is green and that's good news for alt coin holders as well. But we still have a long way to cover, BTC was 19000 in Dec last year and dropped to 7000 USD and is now rising once again. The market will be revived once BTC is around 15000 USD and I am seeing this very soon.