Latest Bitcoin Price Rally Made Mining Profitable: Analyst

The latest bitcoin price rally pushed the cryptocurrency’s price above its average production cost, at least according to Alex Krüger.

The crypto market analyst noted that bitcoin mining difficulty increased substantially following the asset’s so-called bottom formation on December 15, 2018, in $$3,100-3,200 range. That signified that more miners were entering the bitcoin economy despite layoffs and shutdowns taking place across the horizon. Meanwhile, the breakeven cost on the

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