Hello Hashflared Team,
When mining will become profitable again? What is the value that Bitcoin needs to reach in order to resume the mining process ?
When mining will become profitable again? What is the value that Bitcoin needs to reach in order to resume the mining process ?
Hi!
BTC would have to be over $9200 with the current mining difficulty in order for payouts to become greater than the maintenance fee.
Just 9k, everyone told me at least 11k for good profit. Anyway, this all seems like faraway dream now
Guess the information I previously provided was a bit outdated... 10k is the price for payouts to become positive again at the moment.
Big institutional investors could help but seems like they don't plan it any time soon.
Indeed, institutional investors may help BTC recover. Unfortunately, we do not have any means to make that happen, as we are also market players and not market makers and we cannot influence global factors that form profitability.