Yang Ning: Bitcoin is at risk of falling to zero, and mining is at the break-even point
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Yang Ning, founder of Lebo Capital, said in a Node Finance Dialogue last night that the current mining cost is about $6,000, which means that when the price of Bitcoin is below $6,000, mining is a loss. The current price of Bitcoin is almost at the mining cost balance line. Yang Ning believes that if Bitcoin does not rise to $12,000 in July 2020, mining will suffer serious losses at the current price. The direct result is that a large number of miners will give up mining, and Bitcoin is at risk of returning to zero. |
>>: Police departments in ten regions of Japan work together to arrest 16 illegal mining suspects
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