RE: BTC mining continues to be unprofitable if Bitcoin stays below $8000

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BTC mining continues to be unprofitable if Bitcoin stays below $8000

in bitcoin •  7 years ago 

@goldmine2018 Is the Mining paused Till they are profitable again?
They are making it “unprofitable!” It is profitable, they just want to kill contracts so they can keep all the BTC they mine, since all the contracts bought their equipment

bitcoin
7 years ago by

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      ·  7 years ago 

    Bitcoin currently trades essentially below the break-even cost of mining a bitcoin (~$8500 is break-even ).In some cases the miners simply turn off the machines until the price comes back.

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