Post
Topic
Board Press
Re: [2018-06-31] Miner Spends Only $1567 per BTC
by
Yutard
on 31/08/2018, 14:34:35 UTC
I've recently read another article stating that mining is only profitable when Bitcoin is trading above $6500 (not 100% sure about this number)
I wish I could find the article in question, but it was a couple of weeks ago I think.

I've found similar articles, but all from longer ago stating different profitability thresholds.

https://www.cnbc.com/2018/04/19/bitcoin-miners-are-losing-money-at-any-price-below-8600-morgan-stanley.html

I think it depends on the price of the electricity. The Canadian company must have very low price.