Dear Diary: Mining At Hashnest Is Getting Profitable As BTC Value Climbs

in #mining7 years ago (edited)

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I had been cloudmining at Hashnest.com for more than a year now and it wasn't so profitable because of the inherent rising difficulty to mine both LTC and BTC plus the fact that Bitcoin went into the bear market for more than half a year now really affected Bitcoin and other Altcoin mining profitability.

They said that we should not rely on mining alone due to the said factors and I thought that bitcoin price would at least stay at the profitable level even without trading but I was wrong, the Bitcoin price plummeted and made the market at Hashnest to get halted until mining maintenance fee gets below ninety percent.

Now with the current Bitcoin price hovering above $7,000 per Bitcoin, the maintenance fee had moved to around 89% so if this would continue then Hashnest will open again the built-in trading feature of the site so people who still didn't sell their hashing power or who held their buying or selling positions can continue trading again.

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@cryptopie do you think BTC will rise before the SEC decision because the downfall only started because of this?

I really don't know @badripanda but one thing is for sure, that Bitcoin price will rise, just hold on.

Esa es una de las mejores noticias que hemos podido ver en los últimos meses @cryptopie y esperemos se mantenga la tendencia a la alza del Bitcoin

Hello my dear friend, let's hope it continues on the rise as well as all the cryptocurrencies