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China Bitcoin Miners Can Take 50pct Drop and Still Make Money

     
10:18 am on Jan 11, 2018 (gmt 0)

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It's all the talk everywhere, virtual currencies, and in China it's one of the largest markets. It seems the miners in China can take a 50% drop and they'll still make money, according to a report on Bloomberg.
Bitcoin mining is so profitable in China that the cryptocurrency could fall by half and miners would still make money, according to Bloomberg New Energy Finance. China Bitcoin Miners Can Take 50pct Drop and Still Make Money [bloomberg.com]