Only Two ASIC Miners Are Profitable In The Bear Market

in #bitcoin6 years ago

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In this terribly depressed market mining operations in China have sold their ASIC miners for scrap and other professional operations have at least turn their miners off. Is mining POW blockchains going to survive this devastating environment?

Opinions among the crypto community contrast intensely with many shrugging off the costs with a calm confidence in the future value of cryptocurrencies, while others are shrugging with a much more bleak way of looking at the situation.

Check out the stats: (Source: ASICMinerValue.com
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It seems the only profitable miners are the Ebang Ebit E11++ and the ASICminer 8 Nano 44Th.If you're looking to start a mining operation, it might be wise to look around carefully before making a purchase on your mining tech.

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Thanks for the article!

Followed and upvoted, I am
looking forward to your comments.

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Hello darkflame! Thanks for the upvote and follow! I really appreciate it. And I'm happy to see your comment too!

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