
Originally Posted by
Roulette Zeitung
Bitcoin Bubble Crash Fallout
Miners are shutting down their rigs and selling their hardware
One Bitcoin needs insane 51.000 kWh, the daily need of 1,700 family houses!
With a standard price of $0,12/kWh the mining price of one Bitcoin is 6.100 $ (not including the difficulty). With a current Bitcoin price of lousy $4,3XX, it's no surprise, when the whole system is now at the brink of a total collapse.
As a result miners pulling the emergency brake. With that the old idea of decentralization is over! Big Mining companies like China's Bitmain will be the new rulers, likely to start hash-wars, which will have a bad effect on the trust of investors.
First Mining Company bankrupt
On 19. November mining firm Giga Watt from Washington declared bankruptcy.
A wonderful and strong sign for stability in the Bitcoin Bubble, right?
Leopold