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

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

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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
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