How the Breakeven Level of Mining Allows to Determine the Pivot Point of BTC

Written by sergey-baloyan | Published 2019/12/05
Tech Story Tags: analytics | mining | cryptotrading | trading | bitcoin-trading-insights | will-bitcoin-go-up | will-bitcoin-go-down | bitcoin-price-analysis | web-monetization

TLDR The price of Bitcoin has fallen sharply, which has led to a decrease in network hash rate by 20%. To profit from this device, the price of bitcoin must be above $7,643. The leader in terms of profitability at the moment is Asic S17 from Bitmain. The second and third most profitable companies are Innosilicon T3 + 67 and Avalon 1166, the break-even point of which is $3,970 and $4,299. To calculate the breakeven point, we took the average cost of energy for industrial companies from China at $ 0.075.via the TL;DR App

no story

Written by sergey-baloyan | X10.Agency Founder | Web3/Crypto/NFT marketing and launch | Worked with 250+ projects
Published by HackerNoon on 2019/12/05