Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining is costly...
by
Master of Shitcoins
on 08/09/2018, 00:44:48 UTC
One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.
If the consumed amount of electricity for mining gets lower, we will see more miners joining the network and increase all the hashrate. Mining is a difficult and costly process..