On April XNUMX, normal activity will resume on the previously hacked Japanese cryptocurrency exchange Zaif
On April XNUMX, normal activity will resume on the previously hacked Japanese cryptocurrency exchange Zaif
تازہ ترین تھوڑا سا قیمت rally pushed the cryptocurrency’s price above its average production cost, at least according to Alex KrÃ¼ger.
The crypto market analyst noted that bitcoin mining difficulty increased substantially following the asset’s so-called bottom formation on December XNUMX, XNUMX,Â in $$XNUMX-XNUMX range. That signified that more miners were entering the bitcoin economy despite layoffs and shutdowns taking place across the horizon. Meanwhile, the breakeven cost on the December XNUMX bottom formation was sitting around $XNUMX. After deducting miningÂ rig depreciation, the value surged to $XNUMX against a $XNUMX bitcoin price.
The bitcoin mining operational breakeven for efficient mining operations currently stands around $XNUMX. pic.twitter.com/gQrNYBcvLH
— Alex KrÃ¼ger (@krugermacro) اپریل 21، 2019
But as of April XNUMX, XNUMX, the breakeven costs were ranging between $XNUMX and $XNUMX against a $XNUMX bitcoin price. That, at least, ensured a XNUMX dollar profit for each bitcoin mined.
KrÃ¼ger reminded that he was calculating operating expense based on the electricity rate of XNUMX cents kWh. So, the breakeven cost could vary in line with an increase or a decrease in power rates.
“An exact number is heavily dependent on electricity cost,” KrÃ¼ger added. “[For example,] last December Coingeek reported an electricity cost (inclusive of all operational expenses) of $XNUMX. I am using $XNUMX.”
KrÃ¼ger power rate assumptions were lesser than what Chinese miners were paying to run their bitcoin operations. Hashage, a Sichuan-based company with six bitcoin mining farms, revealed that Chinese plants were supplying more electricity against the demand. As a result, they were paying as little as XNUMX cents kWh for hosting equipment on miners.
At the current bitcoin price, and using all the KrÃ¼ger’s assumptions except for the electricity rate, one can assume that miners in China are making more than $XNUMX in profits after mining one bitcoin. [Note: the calculations do not include pool fees.]
Of course, the numbers as mentioned above could change with even the slightest disruption in one of the metrics. The electricity rates are not constant, but given that more than XNUMX percent of the bitcoin mining takes place in China, the profits mentioned above can guarantee upside balance sheets for a majority of miners.
The Chinese government lately expressed its plans to ban cryptocurrency operations. Though the decision has not matured into action yet. But the displacement for miners, that contribute more than XNUMX percent hash rate to run the bitcoin blockchain could bring interim trouble. Miners could be forced to look for other domiciles in the regions, the nearest being Mongolia or Hong Kong (it’s pretty expensive, though).
The huge hash rate deficiency left by the Chinese miners could pose opportunities for other countries. For instance, Bitfury, one of the only non-Chinese bitcoin mining farm operating from Georgia, could accelerate operations to control the bitcoin blockchain. Meanwhile, countries like Iceland and India could also start mousetrapping a portion of bitcoin mining distribution thanks to their affordable costs.
پیغام Latest Bitcoin Price Rally Made Mining Profitable: Analyst پہلے شائع نیوز بی ٹی.
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Top XNUMX Crypto Performers Overview XTZ, BNB, BCH, ETH, XMR
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What cryptocurrency tracker are you using? Tell us in the comments section below.
ڈس کلیمر: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.
شٹل اسٹاک کی تصاویر
At Bitcoin.com thereâ€™s a bunch of free helpful services. For instance, have you seen our آلات page? You can lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
پیغام Crypto Rocket Lets You Track Over XNUMX Cryptocurrencies پہلے شائع بکٹکو نیوز.
Crypto Rocket Lets You Track Over XNUMX Cryptocurrencies
Another Sunday, another Sunday digest. Your one-stop shop to catch up on all theÂ important news in the world of Bitcoin and cryptocurrency.
بکٹکو قیمت 00 continues to hold over $XNUMX, entering a new accumulation phase before the next big bull run, according to some. Latest moves have seen yearly all-time highs tested for both BTC and numerous alt-coins.
The general consensus continues to sway towards the bottom of the bear market having passed. The Mayer Multiple (MM) Indicator, which signalled the bottom of the last downturn, is flashing again. Even UBS is calling the market bottom, although it (somewhat disparagingly) suggests it may be XNUMX years before we see a new ATH.
Binance coin didn’t seem to accept this, and became the first cryptocurrency to bounce back and alreadyÂ surpassed January XNUMX highs. We’re fairly certain that BTC will also take this XNUMX years figure with a pinch of salt.
This week saw numerous BTC-related records fall across Latin America. Faced with the threat of either their own fragile economies, or a certain Donald Trump, business was booming for Bitcoin. Mexico and Venezuela posted record BTC volumes traded on LocalBitcoins, the former due to Trump’s threat to target remittances.
ارجنٹائن کے runaway inflation problem is seeing more people turning to Bitcoin to preserve their wealth. While برازیل seems to be headed in a similar direction, perhaps driving XNUMX BTC traded on Brazilian exchanges in just XNUMX hours.
News of the Trump administration’s latest measures against Cuba could well see another BTC hotspot open up before our eyes.
Several big merchants who were early adopters in accepting cryptocurrency payments moved out of the market due to the volatility of BTC price in recent years. However, in a significant move, the UKs biggest business travel agency announced that it would start accepting payments in bitcoin.
Three countries approached the IMF stating their interest in issuing Bitcoin-backed bonds to raise sovereign capital. And Sweden even changed its official currency to Bitcoin… at least, some hackers did on Sweden’s behalf. But for XNUMX minutes we got a glimpse of what the future could look like.
France called for Europe-wide implementation of its ‘new and innovative legislation‘ for cryptocurrency.Â بکٹوسٹسٹ wasn’t sure it had quite hit the mark, and such face-control would likely have hurt the Bitcoin campaign to raise funds for the restoration and repair of Notre Dame cathedral.
True to its word, Binance officially announced it will delist Bitcoin SV after a week’s grace period for traders.
کریکن ایکسچینج (krakenfx) اپریل 16، 2019
Other exchanges may well follow suit over the coming weeks following Kraken and Shapeshift who have already pulled the plug.
What was the most important Bitcoin story from the past week? Share your thoughts below!
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Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users CointelegraphNews. Monero (XMR) developers have fixed a bug involving cryptocurrency hardware wallet Ledger that made user funds look like they had disappeared, they …
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Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users – Cointelegraph
The mainstream adoption of cryptocurrencies has been a topic of discussion for the longest time. This push by cryptocurrency organizations for integration seems to have paid dividends as many institutions have started adopting cryptocurrencies or at least blockchain technology. The latest company to tap into the world of digital assets is Ernst and Young [EY], […]
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Are the crypto markets going through an accumulation phase before starting a new uptrend? Letâ€™s take a look at the charts
ماخذ: سنٹرل گراف
Top XNUMX Crypto Performers Overview: XTZ, BNB, BCH, ETH, XMR