Cryptocurrency mining is still on the rise despite huge price drops
Miners of currencies such as bitcoin and Ethereum are rewarded with cryptocurrency which fluctuates in value compared with traditional currencies, so although mining costs may be predictable, income varies. On 8 November last year.
Despite these falls, miners seem resilient. They obtain cryptocurrency by performing intensive computing operations. The total hashrate of the bitcoin network, which is a metric tracking the amount of computer power devoted to mining, continues to hit all-time highs. The latest data from the Cambridge Centre for Alternative Finance (CCAF) shows that it reached 248 exahashes per second in February, while more recent data indicates that it has continued rising in the intervening months. Ethereum miners have also proven resilient to the drop in prices.
Source
t.me/Mining_Crypto_Miner
