At What Price Is Bitcoin Mining Profitable - Only Two ASIC Bitcoin Mining Machines Are Still Profitable ...
At What Price Is Bitcoin Mining Profitable - Only Two ASIC Bitcoin Mining Machines Are Still Profitable ... . Combined with access to cheap electricity and rise in the bitcoin price, bitcoin mining could be again profitable for individual miners. The result is shown hereafter: Bitcoin mining is a high. However, if bitcoin drops to $500, then that same pool might only get $6,250 when they find the next block. A sharp drop in price can turn slightly profitable miners unprofitable very quickly. Interest in cryptocurrencies has surged since 2015 as bitcoin has seen its value rise from about $300 per coin to a peak of about $20,000 per coin in december 2017, then dropping to about $8,000 per coin as of november 2019. At the time of writing, bitcoin is valued at $6,651.20 per coin, while the price of bitcoin cash is only $537.84 per coin. Source what's the minimum bitcoin's price to make mining profitable? Bitcoin mining is a highly specialized industry, and it'