Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?
The previous few months, mining firms faced huge losses as the mining fees per BTC was higher than the actual price of BTC. But now BTC is $8000. So mining can be again profitable for the mining firms.
Compared to the past year now the market has recovered, and the same might be generating some added earning. Investing continuously into mining was truly profiting over the days of bitcoin reaching above $10000. As the price has now crossed $8000 surely more miners will get to be more active. One thing, the investment is very big and the ROI on the investment is very low.