# Researchers at Morgan Stanley Say Bitcoin Mining Profitable Only Beyond the $8600 Mark

As per research conducted by Morgan Stanley’s crypto-analysis team, Bitcoin miners will most likely find their efforts to be fruitless unless the currency stays above the $8,600 value point.

Trading at over $8,200 just a couple of days back, Bitcoin has been in the midst of an immense bear run over the course of 2018. However, with blockchain-based innovation at an all-time high, many traders are expecting a major value surge in the crypto market sometime shortly.

According to a respected market analyst, Charlie Chan, even if miners can procure electricity at extremely affordable rates, their activities will only bear decent yields if the value of BTC exceeds a minimum of USD $8,600.

""He went on to add that if the mining sector continues to dwindle in its overall profitability, there will be a major reduction in the demand for Bitcoin mining hardware as well as semiconductor wafers in the coming few months.""

“Injection of new mining capacity will further increase the mining difficulty in 2018. According to our simulation, even if the price of Bitcoin stays the same in 2018, we believe mining profits will continue to drop.”