Bitcoin Since its decline to below $ 6,000 in November 2018, it has become known for its mining and death spiral. In addition, due to the same period of hard fork and network battles Craig Wright and Roger Ver Experience of how Bitcoin's mining network can be controlled by many people has also affected many people's view of the mining industry.
Although Bitcoin's mining is dead, there are experts who think that the end of Bitcoin is coming, but it hasn't come yet, and the Bitcoin road continues with slightly jerky steps. Filb Filb, one of the leading crypto-money analysts, mentioned Bitcoin mining and what levels were sustainable in a new post on February 10th.
Re; Bitcoin Mining Fees Debate;
Daily Miner income of today's c. $ 6,37m inclusive of $ 70k $ BTC unit
Mining fees are 1% of the total mining income
Bitcoins revenue is 99% of total mining income pic.twitter.com/hxey0whzvg
– filbfilb (@filbfilb) 10 February 2019
Filb Filb stated that we should be able to raise a minimum of $ 7,000 by May and that the upcoming Bitcoin half-life could be a cause for concern, and that many miners benefit from Bitcoin mining, not mining costs. In this case, the reduction of these prizes with half-life could mean a serious end to mining.
Nevertheless, in the crypto-money market, nothing is certain and new developments can emerge at any moment.
Analyst: Bitcoin should be at least $ 7,000 for the mining industry to survive! Ali Emre KONAKÇI is the author of the article and published on koinbulteni.com.