News
The price of bitcoin fell below $ 8,000. Mining profitability on Antminer S9 at risk
The price of the first cryptocurrency continued to fall and fell below the psychological mark of $ 8,000 for the first time since June. Altcoins followed the flagship of the market, and the stablecoin Tether came in fourth in the CoinMarketCap ranking with a capitalization of $ 4.16 billion, ahead of Bitcoin Cash. The total market capitalization at the time of writing is $ 208 billion. Today, long positions […] were liquidated on the BitMEX bitcoin exchange
The price of the first cryptocurrency continued to fall and fell below the psychological mark of $ 8,000 for the first time since June.
BTC / USD , TradingView data
Altcoins followed the flagship of the market, and the stablecoin Tether came in fourth in the CoinMarketCap ranking with a capitalization of $ 4.16 billion, ahead of Bitcoin Cash.
The total market capitalization at the time of writing is $ 208 billion.
Today, $ 77 million long positions were liquidated on the BitMEX Bitcoin exchange.
Another $ 77 million worth of bitcoin long contracts liquidated on BitMEX today. Very intense week.
– Joseph Young (@iamjosephyoung) September 26, 2019
Primitive Ventures partner Dovi Wang said a drop below $ 7,500 would jeopardize mining profitability on the Antminer S9. These devices provide a huge share of hashrate.
Pleas note S9 is still holding up majority of the hashrate now (only part of the machines have been upgraded, and M20s just shipped first few batches and S17 is not shipped yet)
We will see a cool-down of hashrate hype and which is actually good thing for $ BTC
– Dovey Wan ? ? (@DoveyWan) September 26, 2019
Recall that the price of bitcoin fell below $ 9,000 on Tuesday, September 24.
Subscribe to BlockchainJournal news in Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.
BlockchainJournal.news
BlockchainJournal.news
