Is #crypto Mining Still Making Money? Interview with Block Operations founder Rolf Versluis
▻https://hackernoon.com/is-crypto-mining-still-making-money-interview-with-block-operations-foun
When #bitcoin first launched, the mining reward for solving a single block was 50 bitcoin. That was worth just pennies at the time, but initial miners were optimistic about the future potential of the #cryptocurrency.And they were right. In the years that followed, the price of bitcoin rose steadily to make mining an increasingly lucrative venture. Same with many other cryptocurrencies that followed. The higher prices climbed, the more people flocked to set up their own mining rigs.But when prices began to fall toward the end of last year, things began to change. Humbling price corrections across the board dramatically reduced mining margins along with interest in mining overall.Today, many question — is crypto mining still profitable? What will it mean for the industry if it’s not?To get (...)