According to CNBC report, Thomas Lee, co-founder of Fundstrat Global, published a research report on the 15th that if the cost of mining equipment, electricity bills, and air-conditioning facilities are comprehensively evaluated, the profit and loss of the miners is currently around $8038, with the current bit. Currency quotes almost.
Excavating Bitcoin now requires thousands of dollars of customized computers to perform. According to estimates from Sam Doctor, the head of Fundstrat's quantitative data science department, regular replacement of computing equipment accounts for more than half of the mining costs, plus 1kWh per degree. 6 cents for the cost of electricity and other expenses. The miners’ profit and loss will be US$8,038.
Having said that, Chinese miners with cheap electricity are still profitable. Chinese miners use up to 4 cents per kilowatt hour, and the incentive to remit money abroad may also encourage them to go for mining at any cost. The doctor said that if In this way, Bitcoin will fall to $3,000-4,000, and most miners will not stop.
Google will follow up on Facebook to ban virtual currency ads and become a catalyst for bitcoin killing on Wednesday. Wall Street Journal, MarketWatch and other foreign reports that Google will ban ads related to "speculative financial products" such as virtual currencies, including "first-time token publicity "Igin" (Initial Coin Offerings, ICO), virtual currency exchanges and e-money packages and other related content, will be blocked. The new policy is scheduled to take effect in June, and its search engine, display advertising network and YouTube website will be affected Facebook renewed its policy as early as January 30 and banned advertisements for similar financial products.
The report published by Stefan Hofrichter, head of the Global Economics and Strategy Department of Allianz, has added doubt to the virtual currency market. Hofrichter pointed out in his report that since the creation of Bitcoin in 2009, the fluctuating quotes have been very much like bubbles. According to the agency's judgment, its embedded value is definitely "zero."
However, Hofrichter still said that if bitcoin is really degenerate, the impact on the real world should not be high, because the market size of this virtual currency is still quite small, and the threat to financial stability is almost negligible.