Bitcoin Miners Now On The Verge Of Losing Money

in bitcoin •  7 years ago 

In 2015 break even was $200-300 bit price and home computers could be used. Now the algo is so complex it takes heavy computing and electricity.

Bitcoins only worth is as a non transaction currency but then commodities would seem a better bet. But Ive underestimated the stupidity of humans my whole life - and mine at time .

Source ::

https://www.zerohedge.com/news/2018-03-16/bitcoin-miners-now-verge-losing-money

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@alanazhary it is 2 or 2 choice minner or commerce.
IGood post. I voted you.

This is why I prefer trading than mining.

Price is coming up soon

Seems like Proof of stake, is beginning to take over to