Today, bitcoin is still profitable to mine, in contrast to ten years ago, when the crypto asset’s value crashed below the cost of production.
The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when the leading crypto asset’s value crashed below the cost of production.While bitcoin’s price value has climbed quite high against the U.S.
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