Crypto Mining Is Gaining Momentum Amid Bitcoin Price’s Growth

Crypto fans are elated by the news of the growth of Bitcoin price, which has recently risen up to $8000. Amid the cryptocurrency upwards tendency, crypto mining is also coming back from the winter stagnation.

Over the last few weeks, next-generation miners have allowed participants to secure significant gains and older mining devices are turning a profit. Previously, only several crypto farms produced coins due to a high value of electricity, yet, at the moment the amount has grown up. However, it still cannot beat the previous records. According to the data, at an average of $0.10 per KWh the top ten most profitable miners are clearing more than $10-15 a day per unit.

We remind you that China is one of the cheapest places on the planet in 2019 to mine SHA-256 coins like BCH and BTC.

Unprofitable Mining: the Company Hut 8 Reported Losses in 2018

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