Even at the country’s highest regulated electricity tariff, miners can profit from bitcoin as long as it’s worth more than $6,925, BNEF analysts including Sophie Lu wrote in a report Wednesday. The digital currency was last in that range back in mid-November and currently trades at about $13,900.
Has Bitcoin Gone Mainstream? Four Signs Prices Could Continue To Climb
There have been great growing pains in the cryptocurrency sector, but there are a number of signs that these could be leading to great growth and greater consumer acceptance in the future.
Study: Bitcoin Investors and Speculators Maintained Their Positions Over Summer
A recent study from Chainalysis shows that the BTC market has become more stable and less susceptible to hype over the summer.
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