Diar: mining bitcoins becomes unprofitable and goes into the hands of big players


According to a recent report Diar, remuneration and Commission for the overclockers bitcoin for the first three quarters of 2018 reached $4.7 billion, about $1.4 billion more than for the whole of 2017. Miners still get 54 000 bitcoins in a month.

However, gradually, this activity becomes profitable only for the big players, because electricity prices are rising. Evaluation Diar show that miners are paying retail rates in September for the first time became unprofitable.

The report noted:

Mining bitcoins, at least at the moment (most likely, this situation will continue in the future), into the hands of big players with deep pockets.

According to forecasts Diar, it is possible that large companies have to make adjustments to your business. For example, the Chinese giant Bitmain, which received 95% of its revenue from the sale of miners, “acts as a stabilizing producer” and opens pools in the United States to keep the network profitable.

In the same report Diar indicates that dollar trading volume on Coinbase reached a one-year low in the third quarter of 2018. However, compared to the same period last year the volume of trading in bitcoin is now a little higher ($5.4 billion against $4.6 billion in 2017). At the same time, the total volume of bitcoin trading on the Bitstamp exchange amounted to about $4.4 billion, while in the same period last year it amounted to $4.6 billion.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.