Miners it's time to "fold up shop"?

Date:

2018-03-19 17:30:09

Views:

67

Rating:

1Like 0Dislike

Share:

Miners it's time to

Analysts Fundstrat Global Advisors conducted another study, which concluded that the cost of production is almost balanced with his course, and in some countries miners have already begun work to beat the cost of mining Bitcoins and are forced to work «zero», — according to CNBC, citing an official statement FGA.

Tom Lee, CEO of Fundstrat Global Advisors, said that his company's analysts had expected the profitability of Bitcoin mining, taking into account not only energy costs, but also taking into account other costs. For example, such as regular maintenance and replacement of equipment. According to the calculations FGA, meaning mining will not be, if all the expenditure incurred by the miner Bitcoin equal to the rate of the cryptocurrency.

In the FGA noted that at a price of about six cents per 1 kWh, the profitability of mining is already under question, but the miners have regular maintenance, change of equipment. At the time of writing this post six cents was worth about 3.5 rubles, which is consistent with the average across Russia the price for 1 kWh.

Analysts have come to the conclusion that in order for miners from other countries can successfully compete with the largest miners of Bitcoin from China, the price for electricity shall not exceed four cents per 1 kWh, but according to experts FGA, to the mass collapse of miners still far — the price of the Bitcoin should drop to 3-4 thousand dollars, and long enough to stay at this level.

We Remind you that to discuss this and other news in our . In addition, we have another two «talk» dedicated and .

Comments (0)

This article has no comment, be the first!

Add comment

Related News

HP unveiled a new line of specialized medical computers

HP unveiled a new line of specialized medical computers

Specialized medical equipment is not just different machines and robots.

Google plans to introduce a new generation of displays for VR headsets

Google plans to introduce a new generation of displays for VR headsets

One of the major limitations of the current generation of VR headsets is quite low resolution embedded in their displays.

The largest manufacturer of devices-miners opened a service center in Russia

The largest manufacturer of devices-miners opened a service center in Russia

the Company Bitmain, one of the largest miners of the cryptocurrency and a leading equipment manufacturer , reports that Russia has opened the official service center to which you can go for the repair of ASIC devices.