Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: sirty143 on October 11, 2021, 03:35:01 AM

Title: BTC's Price Rise Gives 5-Year-Old Mining Rigs New Life
Post by: sirty143 on October 11, 2021, 03:35:01 AM
(https://i.imgur.com/0I5pWjEm.jpg)

As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining... See more for yourself here (https://news.bitcoin.com/btcs-price-rise-gives-5-year-old-mining-rigs-new-life-bitcoin-hashrate-jumps-close-to-20-since-last-week/).

Your opinion is greatly appreciated.
Title: Re: BTC's Price Rise Gives 5-Year-Old Mining Rigs New Life
Post by: Cleanerbd on November 11, 2021, 05:13:45 PM
Quote from: sirty143 on October 11, 2021, 03:35:01 AM
(https://i.imgur.com/0I5pWjEm.jpg)

As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining... See more for yourself here (https://news.bitcoin.com/btcs-price-rise-gives-5-year-old-mining-rigs-new-life-bitcoin-hashrate-jumps-close-to-20-since-last-week/).

Your opinion is greatly appreciated.
As the price of Bitcoin rises, so does its hashtags. Is mining profitable as a result of increasing hashtags? But let your mining be profitable. However, I have not done mining yet, so there is less idea about mining.
Title: Re: BTC's Price Rise Gives 5-Year-Old Mining Rigs New Life
Post by: Evgenklm on November 11, 2021, 07:36:48 PM
Quote from: sirty143 on October 11, 2021, 03:35:01 AM
(https://i.imgur.com/0I5pWjEm.jpg)

As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining... See more for yourself here (https://news.bitcoin.com/btcs-price-rise-gives-5-year-old-mining-rigs-new-life-bitcoin-hashrate-jumps-close-to-20-since-last-week/).

Your opinion is greatly appreciated.
taking into account what factories with mining equipment are being built now, then home mining is not particularly attractive for investment, because mining whales take all the hashrate and mined bitcoins, ordinary home miners are left with crumbs from the pie, but they still do it.
Title: Re: BTC's Price Rise Gives 5-Year-Old Mining Rigs New Life
Post by: KryptoBull on November 13, 2021, 04:26:00 PM
We see this all the time when the price of BTC rises rapidly and allows the old mining systems to become profitable. I don't know how this affects the whole market but it could be seen as a Bullrun signal when BTC price surpasses the mining cost of the majority of the community.
Title: Re: BTC's Price Rise Gives 5-Year-Old Mining Rigs New Life
Post by: Prime on November 15, 2021, 11:06:03 PM
Yes probably, it relates to the rising price happens today.
Does it mean that there are many more miners who do mining activities and this is increasing from the previous year? because we also know that the last years the mining activities were very low and decreased because the dropped price of Bitcoin itself.