Post
Topic
Board Bitcoin Discussion
Re: most of miners are shutting down their gigs?
by
shield132
on 27/11/2018, 09:16:32 UTC
I heard most of the miners are shutting down their gigs, Is it true? So, Is this the end of Bitcoin?  Huh
It was correctly mentioned that most means 51% and over.
Well yeah, some miners are shutting down their miners because currently even with free electricity mining isn't profitable. It happens because not everyone is able to handle loss, again big miners try to keep market. Don't blame me but still I think this price fall has to do something with mining, small players are going out of market and for example bitmain will have new and great antminers, they'll try to fill 1-2% loss and mine with better equipment and less difficulty. After that, price will rise.