Bitcoin Mining – No Longer Profitable After Price Dumps?
Though it may only be temporary, bitcoin’s value has dropped so significantly that bitcoin mining is no longer profitable, according to Fundstrat’s Thomas Lee. Despite remaining bullish about the cryptocurrency, he feels miners are likely to feel more pain than gain for a little while. Also see: Money Moves: Coinbase Gets Barclays Account, U.K. E-Money License Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts Where is Bitcoin at Now? At press time, bitcoin is trading at around $8,200 USD. While a spike above yesterday’s low of $7,800, it remains significantly shy of its price only last week,