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RE: Bitcoin TREND REVERSAL? - Analisys

in #bitcoin7 years ago

well while I really hope we are finally close to a reversal, I have to say that ain't completely true that mining is NO LONGER profitable. It depends where your mining operations are located. the REAL bottom for BTC mining profitability is around 3500 USD at current difficulty

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True but in some countries is, and this could hurt the hashrate of bitcoin network

my mining for example is very very close to unprofitability levels, but I have faith and I'm not turning off my miners

Your faith shall be compensated in the long term