This post started out to remind you that this correction is not unique. I didn't delete the original post, I just moved the content further down. Because I ended up reading about and google how much it cost to mine Bitcoin. And I found this great infographics from an article published yesterday on marketwatch.com
And the answer to that question is that the worldwide average cost to mine ONE Bitcoin today is $7248 USD.
Takk skal du ha. Positive syn på ting og ser hva du mener. Sørga for å kjøpe en del btc in dag som prisene et nede. Sånn tenker jeg. Skal på en lengre reise i Asia i sommer å tar ut overskuddet fra nå til juni som lommepenger. Resten får stå i fred tenker jeg.
Ethos vokser jo bra om dagen. Vet ikke om du har noe å si om den mynten?
Ha en fin dag.
Check out my comparison of Ethos and Blockport 4 or 5 days ago. Thanks for your comment!
I will do that.
Wondering if the ethos is a better investement right now.
Happy i found You!
Have a great evening.
Thanks man! Appreciate that :)
Absolutely. It seems there's a new form of FUD every day at the moment, and although there is a lot of hysteria, it seems the core believers in crypto hold pretty strong throughout it all. Here's to the next bull season!
Yep the market is holding up quite well all things considered!
Not sure if that's right. When the price goes down then the mining interest drops and this triggers a mining difficulty levels to be decreased making mining cheaper. That's why no matter how much bitcoin costs it's always profitable to mine it.
I was a little bit quick there..You're right about the first part I think. But if price drops difficulty is adjusted down and unprofitable miners will quit. I don't think it always will be profitable to mine? Depends?
So if I'm not mistaken - if Bitcoin went down to $1, even my Macbook could possibly be profitable to mine on? And if interest in Bitcoin disseapears completely, no miners has any incentive to mine and there would be no more transactions, and BTC is dead.
But this is highly unlikely because of the state things are in, and all the people involved.
Yeah, that's about right. If Bitcoin dropped to $1 then your Macbook be able to mine many bitcoins, but the profitability would be similar to today's, as these many bitcoins wouldn't be worth much. If interest in Bitcoin disappears completely then yeah - no transactions and The End. There could however still be some BTC enthusiasts to maintain the system (keep miners on standby) allowing for any transaction to come. I find it hard to imagine that the interest disappears completely, as with dropping price, the transaction cost would also drop making it more attractive. Anyway, bitcoin is design to attract miners (secure transactions) at any price, but I could also imagine that the higher the price, the more secure the transaction network is.
That's something amazing to know because i am not a miner but your post is informative and it's reflecting that how much it cost if somebody wants to mine and thanks for sharing the electricity rate because that will give an idea to people as how much it will going to cost as per countries. Thanks for sharing the comparison of market capital and percentage of loss and rise. Keepup the great work and wishing you an great day. Stay blessed. 🙂
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excellent your post Thanks for sharing
Looks like im of to Kuwait- under 2000usd for a BTC! fe fean!
I dont see india any where🙄🤔@scandinavianlife
Damn, I gotta move to one of these countries and start mining.
I just bought some litecoin this morning. i have faith. HODL what you can and buy on the dips. Keep earning steem and picking up every airdrop you can and eventually you will amass a fortune. it might be all shit coins but they can be cashed out for bitcoin or fiat.
I'm sure that McAffee is biting his nails right now :-D
Nope. BitCoin can easily do 1,000% gain by the end of this year and another 1,000% next year and he would still have room to spare on the $1 million.
He's marinating his balls :)