Inmate Central: RE: "below its cost in mining"? by AbeCollins

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RE: "below its cost in mining"?

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AbeCollins

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In Reply to: "below its cost in mining"? posted by Crazy Dave on December 12, 2018 at 07:37:35:

March 2018
Bitcoin has dropped to a point where it's not that profitable to produce, according to some estimates. "Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team," Fundstrat's Thomas Lee said in a report Thursday.Mar 15, 2018

Today December 12, 2018
Bitcoin: $3430 USD.

Bitcoin heading toward worthless ? (Open in New Window)

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Topic - Bitcoin in a death spiral ? - AbeCollins 05:44:29 12/11/18 ( 6)

Hey, I may finally be able to buy a reasonably priced graphics card - jedrider 17:41:29 12/12/18 ( 0)
"below its cost in mining"? - Crazy Dave 07:37:35 12/12/18 ( 3)
- RE: "below its cost in mining"? - AbeCollins 12/12/18 14:31:20 12/12/18 ( 0)
- RE: "below its cost in mining"? - double28 11:32:09 12/12/18 ( 0)
- first found out about it at $5 a BTC - bullethead 07:54:23 12/12/18 ( 0)
RE: Bitcoin in a death spiral ? - bullethead 07:06:51 12/11/18 ( 0)