Post
Topic
Board Bitcoin Discussion
Re: Is the efficiency of mining BTC gone?
by
Ethan Argu
on 11/12/2018, 03:58:57 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.

Not totally gone. Maybe bitcoin will lay low to its popularity because some of the time like stakes there are times the prices are going low and some sort of time it will go higher than expected. Many of the mining companies are lay low it depends on the situation of the country thru mining. But their time that mining is popular and many supportive government and businessmen are investing in the mining industry.