Bitcoin below $3800 a machine without the benefit of market crash

Slump continues. According to the fire Global currency market, following the November 23rd fell below $4500 after November 25th, bitcoin prices fell again rapidly in a short time, fell to $3733, at present, bitcoin has fallen more than 12% days, price at around $3800, about 26000 yuan, this is bitcoin at the lowest level since September 2017. In bitcoin mining has fallen below the cost price case, investors have to leave.

Beijing Daily reporter learned that, at present the most mainstream mill mill ant S9i as an example, the mine power is 1365W, power consumption 32.76 degrees, according to the electricity 0.4 yuan / kWh, combined with the proportion of the whole network is down, without considering other maintenance cost, bitcoin mining cost is 36000 yuan.

That is to say, the current mining has become a losing proposition, it is so hard to find a machine of mine had been changed to scrap”.

“I began to dig from 2014 years to 2015 years of mining can barely reach a stable income, 2016 earned the first pot of gold, 2017 started its business, the market is not good this year, I started batch ore cleaning machine last month, the rest of the mill are disposed of.” A machine operators said in telling her story, “I get money from the money ring, improve the life, but did not earn a lot of money. Friends by selling machine bought Land Rover, villa, but this did not close hand, lose out.”

Recently, according to media reports, the current Shenzhen Huaqiang North machine manufacturers have begun sold by catty mill, but some analysts said that the current part of mine clearing out of the mill are mostly old mining equipment, is small, high power consumption, may not sell only the catty sale phenomenon. However, the Beijing Daily reporter access to its sales platform, the price once reached 7000 yuan and its ant S9i now the price of only 1500 yuan.

It is worth mentioning that, before bitcoin prices rose driven, its market demand is almost exponentially, even due to insufficient capacity, the market was in short supply, its price will rise, profiteering birth, Scarlett, Yun Chi Nan, bit and Tianhe International rapid rise, has become a giant machine manufacturing field. This year, three companies have proposed listing application, but did not have a success, one of the major factors is due to expected earnings is difficult to guarantee.

11 25 April, Xinhua news agency also published an article the bitcoin decline analysis, first of all, the large block chain project there is a serious bubble, in block chain infrastructure are not perfect, the market is expected to continue to push practitioners highly unrealistic, eventually encounter real combat, resulting in the continual loss of market confidence; secondly, bitcoin market is due to the capital market, and the volume is relatively small, the global digital currency market but also a listed Internet giant volume, with large cash users zapan, also easy to cause sharp fluctuations in currency prices; in addition, the industry is the recent war, has shaken the confidence of the people in the real world, makes some people panic, due to market volatility.

In addition, in the current bitcoin prices shrink, previously issued some star tokens, trading platform and other currencies are platform currency fell sharply, as of now, so the star tokens EOS and BNB, fire currency coins Ann HT, OKEx OKB is the highest price fell nearly 90%. CoinMarketCap data show that the current market value of encryption currency has dropped by about 150 billion dollars, at the beginning of this year and $850 billion when compared to the scale has shrunk nearly $700 billion.

Currency policy chief analyst Xiao Lei believes that bitcoin in the city to bear, not good, is unable to support the current price, in addition, bitcoin survival is the market controversy, such as hardware bit chip manufacturers listed miwuchongchong, many hardware companies also postponed the listing period, which led to bitcoin the most upstream industry suffered a strong pressure.

The machine operator said, he currently holds only a few million encryption currency, is expected to hold. “No longer continue to buy, if zero when no winning lottery.”

(source: Beijing daily)

Leave a Reply

Your email address will not be published. Required fields are marked *