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 indicating that bitcoin mining is on the rise again. “When the price goes up, there’s more confidence in mining" said Bobby Lee, CEO of BTCC, a bitcoin exchange. And the process of keeping up with bitcoin mining practices are growing increasingly sophisticated, which means getting increasingly expensive. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
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 indicating that bitcoin mining is on the rise again. “When the price goes up, there’s more confidence in mining" said Bobby Lee, CEO of BTCC, a bitcoin exchange. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.