Profitable mining in 2019

Entrepreneur and author of books on cryptocurrencies A. Antonopoulos tried to answer the question of Ambcrypto: “Is mining profitable?”. The expert believes that the profitability of mining the first digital currency does not depend on the value of the coin; this activity will not be unprofitable under any circumstances. Disabling devices leads to a decrease in hashing power across the entire Bitcoin network. He also believes that if many miners stop mining digital gold at the same time, it will take 2 weeks to reconfigure the difficulty. Those users who continue their activities will have more income, because the low level of difficulty will allow them to generate more coins. Antonopoulos made a statement: “The majority of users will be able to operate right at the break-even point. In general, any price of Bitcoin will not make mining unprofitable under any circumstances.” He believes that this key economic factor, together with the algorithm embedded in bitcoin, helps to ensure the security of the Bitcoin network. A little earlier, the National Development and Reform Commission of the People’s Republic of China put forward a proposal to ban mining. This bill was to be considered by May 7.