Bitcoin Is Back! $4,500 On the Horizon
Main page Digest, Fintech, Bitcoin, Crypto Market, Cryptocurrency
Hot topic
Dec. 20, 2018

On Thursday, December 20, 2018, the leading cryptocurrency in the world bitcoin (Bitcoin), has recovered to the mark of $4,000.

At the time of writing, bitcoin is trading at $4,129.88 (+7.60%).

Previously it became known the complexity of mining bitcoin fell by 10%.

As a result, the profitability of production has tripled. The complexity of mining changes about once every two weeks. On December 3, the figure fell by 15%.

According to Dmitry Shuvaev, the head of development at BitCluster, today the profit from one Antminer s9 14 TH/s device, with the cost of maintenance and electricity at $54,22 per month, has tripled.

Shuvaev added: "With the trend of bitcoin growth, which we have seen since the beginning of the week, or while maintaining the current value of Bitcoin around $ 3,700, the profitability of mining is now 35–42% of revenue per month."

Earlier, prominent bitcoin cash SV (BSV) supporter and previous owner of the crypto-related website CoinGeek, Calvin Ayre, said bitcoin would be worthless in 2019 due to the lack of utility.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error
Close