‘If the price stays the same, then we would expect half of the Bitcoin miners to quit’

‘If the price stays the same, then we would expect half of the Bitcoin miners to quit’

In a growing trend, Bitcoin exchanges have recently begun expanding their business into mining. An example of this is the BTC mining pool recently launched by BTC China, which now accounts for 7% of all hashing power. Another China-based newcomer is Digcoin — a Bitcoin mining company owned by the Beijing based Huobi exchange. Formally launched in September 2014, the mining company has been rising in the hashing power ranks as well. According to Huobi, the hashing power of the Bitcoin network is essential for the security of the blockchain, but mining must be profitable to be sustainable,....

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