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Cryptopolitan 2019-12-18 21:59:33

Bitcoin’s price drop gives wake up call to Bitcoin miners

Bitcoin’s price has fallen below the $7,000 mark this week, causing concern among Bitcoin miners regarding profitability. Bitcoin bears put Bitcoin miners at concern Bitcoin mining hardware and its operations are definitely not cheap, and with Bitcoin’s price below 7,000 dollars, many old models of mining hardware have lost their profitability. Although the new models of mining hardware are still economical, what would happen if the bearish trend continues? The uncertainty has created quite a fuss in Bitcoin markets. The break-even price of mining hardware dictates when the cost of mining is equal to its reward. f2pool shared a list

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