How does the Bitcoin exchange rate affect cryptocurrency mining.

in #bitcoin6 years ago

The main digital coin has risen by 36% for the month, analysts are betting on a further rise in the rate. Does this mean that it is time for single miners to blow off the dust from their devices for the extraction of crypto currency, large players — to buy new equipment?
The rise in bitcoin price to $10,000 can be a signal for the return to the mining market of small and medium-sized players. With the high cost of the first cryptocurrency, we can expect 30-40% growth in sales of mining equipment.
Experts agreed that single miners will begin to enter the industry more confidently when they see a long-term upward trend in the price of bitcoin and other cryptocurrencies. However, even this is unlikely to lead to a new "mining fever", similar to that seen by the crypto world in 2017, although, as practice shows, the digital money industry is unpredictable.
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