Bitcoin Is Back! $4,500 On the Horizon
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Dec. 20, 2018
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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.

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