Crypto Mining Has Become Less Profitable
October 10, 2018 4:35 pm
Bitcoin mining is more profitable for “big guns” as electricity price is continuously increasing. The statistics of the report shows that miners who pay retail electricity prices are observing less profits.
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The report stated:
“Bitcoin mining has, at least for now, and most likely in the future, moved into the court of bigger players with deep pockets.”
The report also claimed that major companies are adjusting their businesses based on the market. It is becoming harder for miners to earn more Bitcoins. The report further said that the electricity problem has become the major issues for the change.
Another research states that there ware more than 787,000 malicious cryptocurrency mining software. The number has increased from 74,500 to 787,000. The cryptojacking programs have detected legitimate mining tools and have misused dedicated malware.
The report also included that there are 47 new crypto mining malware ‘families.’ The new families are made by people who develop mining malware.