Bitcoin Has Become Less Profitable to Mine Than Its Forks-1.45

The mining profitability of Bitcoin and its major “clones” has been a topic of debate for some time now. While it was evident Bitcoin would be the most profitable currency to mine for the longest time, that is not necessarily the case any longer. Both Bitcoin Cash and Bitcoin Cash SV mining are more profitable right now, which further confirms how things continue to evolve every single day.

When the Bitcoin price falls – as it has done in dramatic fashion over the past few weeks – the profitability of mining operations comes into question. Miners need a specific Bitcoin value to break even. Anything below that value will make their operation unprofitable. Considering how the value of Bitcoin might drop to $3,000 pretty soon, it seems unlikely a lot of miners will remain in the game for much longer.

Original source

Add comment

Please Sign in to be able to leave comments.