BTC Prices Below $8K Could Spell Disaster for Bitcoin Miners

According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at […]

The following article BTC Prices Below $8K Could Spell Disaster for Bitcoin Miners is republished from: https://www.justbitcoinnews.com

Comments

Post a Comment

Popular posts from this blog

Coinbase Inquiry Finds No Improper BCH Trading Took Place Prior to Launch

An inquiry by leading United States-based cryptocurrency exchange, Coinbase, has found that no improper trading took place last December surrounding the launch of its Bitcoin Cash pairings. Also Read: SEC Postpones Deliberations on NYSE Arca Bitcoin ETFs Coinbase Inquiry Finds No Insider Trading on BCH Markets A Coinbase spokesperson has confirmed that the investigations into potential […] The following blog post Coinbase Inquiry Finds No Improper BCH Trading Took Place Prior to Launch is courtesy of: https://www.justbitcoinnews.com/
Read more

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 10

The continued decline of most cryptocurrencies has led some analysts to predict even larger losses in the near future. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making […] Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 10 was first published on: https://www.justbitcoinnews.com
Read more

Markets Update: Crypto Prices Consolidate After Some Volatility

Cryptocurrencies markets have been volatile and very indecisive over the last 48-hours as the entire digital asset economy lost billions in value since US regulators postponed their decision concerning the Cboe/Vaneck BTC-based exchange-traded fund (ETF) last week. This Saturday, August 11, during the afternoon’s digital currency trading sessions (EDT), cryptocurrency trade volumes and price values […] The following post Markets Update: Crypto Prices Consolidate After Some Volatility is republished from: www.justbitcoinnews.com
Read more