Study: mining Bitcoin has become unprofitable due to the devaluation of the

Malicious software for covert mining of infected computers more than 42% of companies worldwide, estimated by analysts from Check Point Software Technologies. This method of mining is almost the only profitable way of mining crypto currencies: profit from legitimate hashing is only 6%, estimate the researchers Fundstrat.

When bitcoin mining becomes impossible

The reason of falling of profitability of mining was the depreciation of Bitcoin. Because of this, the profit from mining cryptocurrencies is only 6% more than the cost of the analysts. In some cases, miners are more profitable to shut down equipment and wait for the growth rate.

Researchers have estimated that mining a single bitcoin is worth $8 083 — the sum consists of energy costs, equipment (including costs for maintenance) and device for cooling. The cost was calculated based on the price of electricity is 3.4 rubles per kW. As noted in the company, in Moscow, one kW is about 5.4 per ruble. This means that the capital extraction will be even less profitable. At the time of publication of the research Bitcoin was worth $8 500.

From December 2017, the profit of companies engaged in bitcoin mining dropped by almost two times. This happened due to the growth of interest in mining coins, analysts said. In Fundstrat believe that the miners will cease to mine crypto-currency if its price falls to $3 000 or $4 000.

Such studies do not stop the miners. Recall that Japanese GMO for three months, got 240 now.

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0 Comments on “Study: mining Bitcoin has become unprofitable due to the devaluation of the”

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