4. That is a question for Mark. We are currently in a transition period with our mining as we are moving our mining operation outside of the UK to increase our profit margin due to the increased VAT, electricity and site rental costs over here.
Hi, thanks I'll wait for that answer before I make any further decisions. Is he going to answer it here in the forum?
I'm very interested in this. I do have reservations though because both bitcoin and litecoin are hovering around YTD lows. Litecoin has dropped from $23 down to $3.50 since the beginning of 2014.
Someone said that the assumption in this was that bitcoin would be at $500 but it's down below $330. Is it still profitable for you at these levels?
On banxmint you've got a 1 bitcoin coin at $651.59 which doesn't inspire confidence that you're going to sell many. If you do sell a lot then you've got a great profit margin there!