Article Image

IPFS News Link • Bitcoin

Bitcoin and Cryptocurrency Prices Tumble. Miners Pull the Plug on 'Mining' Operations.

• https://needtoknow.news by Zero Hedge

According to CoinMarketCap.com, digital-currency assets have lost approximately $700-billion of market value since the peak in December 2017.

Bitcoin's hash rate, or the speed at which a given mining machine operates by finding and solving blocks through complex computations, has dropped and led some crypto miners to shut down their rigs. The 2018 bear market is forcing many miners to operate at a loss, and some are pulling the plug on their operations.

[We do not recommend what investors should do at this stage but we feel compelled to remind everyone that the market for all emerging, disruptive technologies, such as cryptocurrencies, are volatile. Major price dips are to be expected rather than viewed as the end of the market.


midfest.info