Bitcoin mining sees growth after 19-month low

in bitcoin •  3 months ago 

The heyday of cryptocurrency was December 2017. Since that time, prices fell on all levels. Bitcoin miners were no exception to what was taking place.

With a drop in mining revenue, the industry contracted since many were forced out as margins got tighter. Companies that have access to cheap energy and the latest mining equipment were able to weather the storm. Smaller players had to abandon the projects since the revenues were not covering the costs.

Things might be turning around.

March saw a rise in gross margins for Bitcoin miners. After being down 2018 and to start 2019, February saw a 32% increase.

Click on image to read full story.


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

About 169.52$ has been spent to promote this content.

You got a 25.00% upvote from @emperorofnaps courtesy of @steemium!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

Thanks for using @edensgarden!

You got a 52.63% upvote from @brupvoter courtesy of @steemium!