As Bitcoin gains in value and popularity , it is thought that bitcoin mining is on the rise . When Bitcoin had a decline to a low of $ 183 in 2015 it put a lot of individual miners out of business , however , recently Bitcoin has hit the mid-$400s suggesting that bitcoin mining is on the rise again . “ When the price goes up , there ’s more interest in mining " said Bobby Lee , CEO of BTCC , a bitcoin exchange . But, of course, bitcoin has proven its price volatility time and time again. However , bitcoin mining comes with its risks as have been proven with its price rise .
As Bitcoin gains in value and popularity , it is thought that bitcoin mining is on the rise . When Bitcoin had a decline to a low of $ 183 in 2015 it put a lot of individual miners out of business , however , recently Bitcoin has hit the mid-$400s suggesting that bitcoin mining is on the rise again . “ When the price goes up , there ’s more interest in mining " said Bobby Lee , CEO of BTCC , a bitcoin exchange . However , bitcoin mining comes with its risks as have been proven with its price rise .