Diar: BTC Mining Becomes Unprofitable, Big Players Pick Up the Torch
Diar’s assessments show that miners, who for now pay retail prices, have faced unprofitability of mining for the first time in September.
According to the recent report by Diar, the mining of Bitcoin steadily becomes cost-ineffective for individual and small private miners. Even though Diar admits, the statistics show that rewards and revenues for the miners have reached $4.7 billion during the first three quarters of 2018. It is $1.4 billion bigger than the value for the entire 2017. Miners still make 54,000 BTC monthly.
Nevertheless, the overall picture is getting darker, while only large companies will soon be able to mine Bitcoin -- this is due to the increasing energy prices. Diar’s assessments show that miners, who for now pay retail prices, have faced unprofitability of mining for the first time in September.
The report says that the field of Bitcoin mining, at least in the current time, becomes the matter of “big players with deep pockets,” and it is highly likely that this state of affairs will only grow stronger in the future. Moreover, Diar forecasts big changes in big companies, too. For instance, Chinese cryptocurrency giant Bitmain, which received 95% of its revenues by selling the mined coins, acts as a “stabilizing manufacturer” and opens pools in the U.S. to keep the network profitable.
In the same report, Diar points out that the dollar trade volumes on Coinbase have reached the year minimum in the Q3 2018. However, by contrast with the last year’s trade volume, the current volume is slightly bigger ($5.4M vs. $4.6M in 2017). At the same time, the entire BTC trade volume on Bitstamp has been evaluated $4.4B, while the last years value for that was $4.6B.
You May Like
20 Random ICO
|CCC||VIREO LLP Token||vireoseeds.com|