Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

With the cost of mining 1 BTC around $6,200 for some, large Bitcoin mining companies see opportunities in the downturn because as other miners leave, the landscape becomes more profitable for those who stay the distance.

to generate 3.9 exahashes of hash power. MARA is down 15.42% and is trading at $9.97 in after hours trading. It is down 92.6% from its Dec. 2014 high of $134.72.

Cointelegraph also received responses from Riot Blockchain CEO Jason Les, another large mining company. It currently holds the eighth-most BTC among public companies according to Bitcoin Treasuries. It controls 3.9 EH/s of hash power as of March 4 but did not disclose its cost per coin mined. “Riot’s miner deployment plans are not impacted by volatility in Bitcoin, we are focused on building a sustainable business that operates in array Bitcoin market conditions.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No luna w gore re re re terre :)

United States United States Latest News, United States United States Headlines