Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse
Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse
Tech

As bitcoin prices fall, mining cryptocurrencies is no longer profitable for many

  • Bitcoin prices fell nearly 30 per cent over the past week, hitting a 13-month low of about US$4,500
  • Loss-making cryptocurrency miners are dumping plenty of their mining rigs

Topic |   Digital currencies
Zheping Huang
Zheping Huang

Updated: 9:10am, 22 Nov, 2018

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Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse
Bitcoin slumped on Tuesday to its lowest this year as prices fell as much as 10 per cent to breach US$4,300, coinciding with broader drops in the world’s financial markets. Photo: Agence France-Presse
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