Interesting Crypto & Bitcoin fact !

[bliznec 22268]

Where did the figure of $ 14,000 for bitcoin come from, maybe this is not a fact. I agree with the previous prices, which were fixed later, but with 14,000 dollars is not a fact. 

[Investors Blog 385]

On 11/12/2019 at 3:53 PM, Ajlovez7 said:

As per reports world average cost for mining 1Bitcoin = $7275.798

After halving in 2020= World average cost will become $14551.59 per Bitcoin. But China's average cost will still be under $8000.

Fun fact as per this report it costs $3172 to mine 1bitcoin in China (Where majority of bitcoin MINING happens),which was also Bitcoin bottom of 2018.

Source- Google and crypto India telegram

Thanks for this one, This is a strong facts that bitcoin will have a good price this 2020 to compensate the mining difficulty and the lower rewards per block. So expect a bottom price of $15k USD after halving.

[Amir YT 202]

On 11/12/2019 at 1:53 PM, Ajlovez7 said:

As per reports world average cost for mining 1Bitcoin = $7275.798

After halving in 2020= World average cost will become $14551.59 per Bitcoin. But China's average cost will still be under $8000.

Fun fact as per this report it costs $3172 to mine 1bitcoin in China (Where majority of bitcoin MINING happens),which was also Bitcoin bottom of 2018.

Source- Google and crypto India telegram

This is really interesting. China got always profit. I think their electricity fees is too low or they use solar system. I will go China for minig. Don't take it serious. I am joking. After regulation in my country i will make a mining farm.

[Benjamin 84]

On 11/12/2019 at 3:53 PM, Ajlovez7 said:

Fun fact as per this report it costs $3172 to mine 1bitcoin in China (Where majority of bitcoin MINING happens),

Well, its because they have a cheap price from their electricity bill so that many Chinese people are doing mining some cryptocurrency coins.

[Dolpharius 675]

On 12.11.2019 at 15:53, Ajlovez7 said:

As per reports world average cost for mining 1Bitcoin = $7275.798

After halving in 2020= World average cost will become $14551.59 per Bitcoin. But China's average cost will still be under $8000.

Fun fact as per this report it costs $3172 to mine 1bitcoin in China (Where majority of bitcoin MINING happens),which was also Bitcoin bottom of 2018.

Source- Google and crypto India telegram

true fact - based on it we can conclude that the rise in the price of bitcoin is embedded in the system of its production. then flying to the moon is just around the corner.

[Vivek1997 437]

Ok so source is mentioned so i could get confirmed about this post. At first reading I'm totally surprised about readings and statistics you have posted here. This is really interesting and surprising post. And this might be also reason being high pricing of only one bitcoin. Thank you brother for posting such surprising fact she keep posting such information. 

[Captain Karim 0]

This is unique information, does this mean that the cost of mining in China is half the cost of mining compared to the rest of the countries, this means that China gains a lot from Bitcoin mining

[hangomao 15]

On 11/12/2019 at 12:53 PM, Ajlovez7 said:

As per reports world average cost for mining 1Bitcoin = $7275.798

After halving in 2020= World average cost will become $14551.59 per Bitcoin. But China's average cost will still be under $8000.

Fun fact as per this report it costs $3172 to mine 1bitcoin in China (Where majority of bitcoin MINING happens),which was also Bitcoin bottom of 2018.

Source- Google and crypto India telegram

This is been fun and intresting to me. so these are the nice facts that i have been collecting.

[Babubu609 0]

On 2/7/2020 at 9:51 AM, Emran23 said:

Nobody has enough BTC to sell them to make a mine where they are broken with mining prices. This is an old image, but I agree that Chinese miners control BTC prices and think it is reasonable.

I don't want to sell my btc too because the price is too low now to sell is good if I gonna buy them

[Babubu609 0]

On 2/24/2020 at 7:53 AM, alomgir4927 said:

crypto advertise runs through Bitcoin reality as Bitcoin is the the largest part famous coin so all happening to knew about this sell as of it.
 

Bitcoin is the king and the queen to all crypto currency in term of of crypto

[Upright 2688]

I don't know if halving is obviously going to be a double of the price Worth of Bitcoin but as how many guys have anticipated the halving, since this might be my first halving to witness as, I wasn't a Crypto guy around 2018.  As that of Bitcoin going to be ,$8000 on China, will look bizzare as the rest of the world would be on a climax of above the average price in China

[jacker 1095]

Thanks for sharing, I have completed my bitcoin mining plan, and I am trying to get involved in early mining. Along with mining and earning 30k satoshi daily I wish I would soon finish 1 bitcoin

[BTC Future 3946]

It is possible that we will see miners quit, and rearangement in pools activity. Besides China there are other countries with really cheap electricity. Iran had announced that they approve Bitcoin mining and they've given around a thousand licences a few months ago to miners.

Still the main production will keep happening in China for the next few years. Hopefully this won't create centralization concerns.

[Jessica Karren 1242]

Sources are not looking authentic. Bitcoin mining is an expensive way of earning. But if your cost of mining is cheaper as in China according to this post than it's the best and most profitable way if earning.

[Whited35 15285]

Maybe report is not completely correct at this stage. In China , mining cost will not remains under $8000 after the halvening. There are so many crypto projects in China which are not getting the BTC in the cheapest rate when the market prices are extreme !!

[Opinder 1310]

On 11/12/2019 at 1:23 PM, Ajlovez7 said:

As per reports world average cost for mining 1Bitcoin = $7275.798

After halving in 2020= World average cost will become $14551.59 per Bitcoin. But China's average cost will still be under $8000.

Fun fact as per this report it costs $3172 to mine 1bitcoin in China (Where majority of bitcoin MINING happens),which was also Bitcoin bottom of 2018.

Source- Google and crypto India telegram

I think this is only due to less mining cost in China. Like low electricity cost, cheap mining tools etc. But other process is similar like other countries. Because bitcoin is global currency it does not has any special feature for specific country.

[George10 9932]

That's interesting and it demonstrate that the price of one bitcoin will be increased as mining  gets expensive and costly.

[Dark_Sky 8489]

That's really interesting! 

Thank you for sharing this kind of fact, I'm gonna share it to my friends too. 

In addition both of them are really popular and I'm hoping it will grow more in the near future. 

[tienda 8776]

Thank you for sharing this interesting information simple and easy to understand it, so the people they dont need to take the panic about what happen right now with Bitcoin price, the halving coming soon will change the negative  things to positive things.

[iloveyobit 6599]

Yes, I saw these statistics for a long time in the telegram channels, but the question is, why is this difference in cost? Is there a specific explanation guys ?

[magd 5231]

This is great, meaning that the price of bitcoin will rise to $ 14,000, but how much time does it take. Will this happen after the sixth month of this year, or should we look at the end of the year? Everyone now buys

[guatazoo 7150]

6 hours ago, Mr. Khan said:

If Bitcoin's price is never less than 14,000. But I think that it is the right time for all mine ministry because it can give them a huge amount of money. This is for me. I correctly if I'm wrong

This is why i think corona virus occured in the wrong time, if it continues till the halving moment, it may stop that bull run and miners will stay in loss, because they depend on that bull run.

[pablomarwan 3082]

Hopefully, I am willing and willing to take a risk this will cost a lot. With the coming half of this year, we will see the results whether what we assumed are in place or is there still a slowdown in price growth. Everyone is buying and waiting for what will be seen in the days and analyzes

[Shaza Ahmad 1682]

What caught my attention is the very low bitcoin mining cost in China, if the cost is so low this means that it is a very profitable project if it is equipped in China and will remain profitable even after the halving.

[Ms.o 3322]

On 3/21/2020 at 10:38 PM, Qazi said:

It is appreciable you shared these news, i heard first time that 1 bitcoin mining cost is more than 3000 doller thats mean rich person can be more rich and poor cant mine it, anyway luck is always there for lucky persons. 

Actually,it is not just luck,its perseverance,courage,knowledge ,strategies and patience can make a person become rich in crypto or even mining,there are also poor people who mined and get rich,just believe in yourself and have a goal.