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  Bad news for bitcoin miners
 
  By some estimates, it's no longer profitable to create the cryptocurrency.

In fact, the need to regularly replace equipment accounts for more than half the cost of mining, according to Fundstrat's model, said Sam Doctor, head of quantitative data science. He assumes electricity costs of 6 cents per kilowatt hour and other expenses to arrive at the break-even estimate of $8,038.

For more, check out this CBNC story.

 
      Posted by: Agitator!!, March 16, 2018, 12:17 pm  

 
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