Post
Topic
Board Bitcoin Discussion
Re: Is the efficiency of mining BTC gone?
by
aoluain
on 10/12/2018, 19:50:12 UTC
Now mining Bitcoin is unprofitable, but if the price of Bitcoin starts to grow, then all investments pay off quickly. I think now many have abandoned mining
I also agree with you, now mining is being abandoned.
I have an interesting link about this, this is the fact that miners started selling their equipment.
https://bitcointalk.org/index.php?topic=5082887.new#new

Some misleading comments here

Bitcoin mining is not profitable for some miners at the moment, others, the vast
majority are mining away no problem.

Not every miner has the same costs, electricity varys different from country to
country.

Some miners are selling equipment because there is new hardware coming
onstream shortly and as the markets are down this is a perfect time to sell.