Sudden Drop in Bitcoin Mining Revenues | Bitcoin Cloud-Mining by pkalra

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bitcoin · @pkalra · Sep 22 '17

$0.44

Sudden Drop in Bitcoin Mining Revenues | Bitcoin Cloud-Mining

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<p>Hey Steemians</p>
<p>Bitcoin miners on the board must have been observing a sudden drop in Bitcoin revenue from last few days.</p>
<p>Revenues from Top Bitcoin Cloud-Mining firms are being reduced and the real reason for that is the increase in difficulty.</p>
<p><img src="https://fs.bitcoinmagazine.com/img/images/algorithmic-improvements-give-bitcoin-mining-a.width-800.jpg" width="800" height="444"/></p>
<p>We can see that from last few days, there has been a drastic increase in mining difficulty &nbsp;due to which miners are receiving very less amount of returns.</p>
<p>You can see the sudden change in bitcoin difficulty here.</p>
<p>Link: &nbsp;https://blockchain.info/charts/difficulty</p>
<p>Rather drop in bitcoin price is also playing an integral part in lesser revenues.</p>
<p>Hopefully bitcoin will recover from the drop really soon.</p>
<hr><center><b>Follow Me | @pkalra<hr></b></center>
<p><br></p>
<p><br></p>
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👍 pharesim, minnowsupport, bunnychum, lastminuteman, pkalra, steemprentice, emyglo, stephen.king989, raymondspeaks, kasou80, gamerveda, cryptoforce, konti, gindor, jhermanbeans, pomperipossa, misterakpan, n1kofi, boostupvote, pusteblume, banjo, edrivegom, ohamdache, professorbromide, ch00fy, pkvlogs, cryptohustler, taica, bluchr, myday, tinashe, endaksi1, whatamidoing, decibel, numpypython, qwasert, timbalabuch, businesswri, markfitzgerald, jhagi.bhai, beng05, valth, nesbitt, eliashanna, rebele93, jotmax, sixexgames, mex-power

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@boostupvote · Sep 23 '17

This post was resteemed by @boostupvote 

All the best!

👍 boostupvote
👎 cheetah

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@cryptoforce · Sep 22 '17

It figures I just recently a month ago or so bought more Th's on Genesis and Hash Flare just my luck ugh......

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@pkalra · Sep 22 '17

Yeah.. That should be a lucky decision mate @cryptoforce

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@minnowsupport · Sep 22 '17

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by pkalra from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>

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