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Will Bitcoin Mining Recover In 2019?

2018 has been famous for a lot of reasons, to name but a few we have seen some incredible crypto highs, some depressing crypto lows and piles and piles of rumour and speculation that have driven the markets upwards, downwards and even sideways for a prolonged amount of time. One thing that has remained consistent through the year however, is the fall in the profitability of Bitcoin mining. As a matter of fact, the entire Bitcoin mining industry almost came to a halt during 2018 as a result of many different factors. We are going to explore these factors in...

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Bitcoin Mining Difficulty Continues To Sink

New reports out today highlight that the difficulty of mining blocks on the Bitcoin network has sunk by more than 7% as a result of recent market movements. Overall, difficulty is still high in the grand scheme of things, but I guess this does suggest that one day, the profitability of mining on the Bitcoin blockchain might eventually improve. The markets continue to move in a positive direction through the end of this week in what looks to be the first cryptocurrency market surge that we have seen for a number of months. At the time of writing, Bitcoin is...

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Is Cryptocurrency Mining in Trouble?

Should crypto miners consider doing other things with their computing capabilities now? In 2017, when the crypto market soared, and profits flowed from every project, companies made millions selling crypto mining equipment to everyday users who were looking for a way to break into the field. GPU units flew off the shelves, creating a proverbial run on rigs that felt like a brilliant combination of opportunism and madness. Today, things are much different. High energy costs and a more competitive mining ecosystem required additional technological gusto to turn a profit, and miners were earning less money for more work. Now,...

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Bitcoin Mining Heavily Affected By Bear Market

The current market has been ruthless on many investors recently. The leading cryptocurrency, Bitcoin is currently trading just above the $3,400 region by just five dollars at the current time of writing. So yes, you could say that people have been affected by this rut that the market is experiencing, especially miners. Some of the biggest names in the industry have even been impacted by the turmoil of the markets. Bitmain The world’s first consumer-grade miner, Bitmain has even been affected by the bear market. The mining giant has been carefully working to gain back its strength over the recent...

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Mining Companies In China Selling Equipment Due To Lack Of Profit

Recent reports have come out this week saying that crypto mining operations were selling off their mining equipment by weight rather than by unit since the market has entered its current state. With the crypto markets losing billions over the past few weeks and Bitcoin reached as low as $4300 (currently priced around the same region). The decrease in market caps across the whole crypto market has had an impact on the profits of mining. F2Pool and other crypto miners have allegedly been selling off their equipment since the cost of maintaining and operating the equipment are higher than the...

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