Only 33 Days And Dwindling Remain Where Bitcoin Wasn’t Profitable
This week, Bitcoin nearly touched $16,000, leaving very few days remaining where buying BTC would have been unprofitable. In fact, the number has now dwindled down to just around a month left, and in no time at all, there could be no days left where buying the cryptocurrency was a bad decision. Bitcoin Has Been […]
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Bitcoin mining company Hashflare has claimed another cut in the cost of energy needed for its operations. It announced to its users that the Maintenance and Electricity Fee (MEF) has been slashed by 25%. As was the case last month, Hashflare slashed its energy cost to enable its miners to earn more profit. It says via email: “As a result of our work, we have managed to reduce the MEF for SHA-256 contracts by additional 25%, from 0.006 USD per 10 GH/s to 0.0045 USD per 10 GH/s. We are sure that there are greater results to be achieved in the future.” Dwindling lack of interest. Despite....
Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, as the top miner raked in $79.53 per day in profits. Today’s top mining rig, with Ethereum out of the picture, accrues roughly $69.41 per day mining kadena. Today’s Top 7 Mineable PoW Algorithms Include Kadena,....
Dogecoin continues to plunge as it failed to retain support at the $0.08 level. The bad news is that the Dogecoin price can still fall further down as the bears appear to have bypassed the triangular structure that has latched ferociously around it the previous month. With the structure breached, the bears could pump in more capital to earn more from the DOGE plunge. The bearish candle is now falling head-first which boosts the confidence of many traders to go all-in with the bearish stance. Suggested Reading | Dogecoin Market Cap Shed $6-B Last Month – Will Bearish Pressure Continue....
While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these days there are only a few manufacturers producing application-specific integrated circuit (ASIC) machines. Microbt, Bitmain Sell the Most Profitable Bitcoin Miners on the Market, But Product Is Sold Out Across the Board Bitcoin (BTC) prices have seen some significant losses during the past two weeks but network participants, particularly bitcoin miners, continue to support the cryptocurrency network.....
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. Bitcoin’s Price Is 38% Lower Than It’s All-Time High, Bitcoin Miners Still Profit While bitcoin’s price value has climbed quite....