Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational breakeven for efficient mining operations currently stands around $3550. pic.twitter.com/gQrNYBcvLH — Alex Krüger (@krugermacro) April 21, 2019 Across major cryptocurrency markets, the bitcoin price is at $5,265, which for miners presents a substantial profit per every block mined considering the breakeven price of $3,550 and the potential appreciation of bitcoin. Does it Mean the Start of a Bitcoin Bull Market? While the analysis Krüger uses the rate of electricity at The post Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market? appeared first on CCN