Mine Bitcoin became unprofitable. What will happen now?
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The Profitability of mining Bitcoin and its main "clones" is a longstanding topic of debate. For a long time, the main coin retained the championship in the profitability of production, but today it is not so important. Now mining Bitcoin Cash and Cash SV gives a lot more profits, and day-to-day positions of the first cryptocurrency in that respect be getting weaker.
When the Bitcoin price is falling — as is happening now for the past couple of weeks — the profitability of a mining right is being questioned. The miners want the price of Bitcoin remained above the threshold of profitability. If the price is close to it or lower it to get BTC is not as profitable or even unprofitable. Given the huge likelihood that the price very soon below 3 thousand dollars, it is unlikely that the miners will continue to dig.
Writes Nulltx, mine became more profitable Bitcoin last week. And it is quite a standard situation. In the past year, BTC and BCH and then handed the palm to each other, dragging over the miners. Perhaps that is why in the industry, nobody panics. Experienced miners used to this kind of metamorphosis.
According to the assessment of Dance Coin, Bitcoin simply does not allow you to profit even despite the fact that neither Bitcoin Cash, nor are not even close with the Bitcoin capitalization. This indicates that the profitability of mining is affected by not only the price of the coin. It is important to consider the complexity of mining, the total involved and the amount of remuneration for the detection unit, as well as transaction fees.
As a result, we can say that the lower , the less profitable mining becomes of this coin. However, this does not mean that the price will not increase in the near future and Bitcoin will not become a favorite of the miners. By the way, now mine Bitcoin, Cash by about $ 9 cheaper. While last week the profitability of Bitcoin mining Cash SV was 300 percent lower Bitcoin. More data to search for .
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