Bitcoin Mining Not Profitable? - Hashflare Stops BTC Cloud Mining Contracts

in dlive •  last year 

Thumbnail

It has been some rough times for cryptocurrency miners. As the prices of crypto been dropping, miners were reluctant to switch off their gear even when mining at a loss.

Hashflare recently sent out an email saying that they are stopping BTC mining contracts because they are unprofitable.

Even as the prices start to recover a bit, it seems that mining profitability is still very low and it's very likely that there are plenty of miners running at a deficit hoping for better times.

My analysis of cloud mining contracts:
http://easym6.com/2017/08/23/hashflare-cloudmining-results-bitcoin-litecoin-ethereum-dash/

My video is at DLive

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!