Statistics show that mining has recently become less profitable due to a bearish trend. Previously, miners kept their coins in the hope of getting high profits, but now their opinion has changed.
Chinese miner Jin Xin said that his colleagues have already started to reduce positions in BTC.
"If next month I get 30 coins, and the price drops by at least 10%, I will immediately open an order on the exchange at the current price," said gene Xin.
Gene also said that he acquires used devices for mining and uses them until they become unprofitable. After that, he sells them for parts, and so will be until market prices stop falling. In recent years, the Chinese miners are SHA256 sell by the kg, thus attempting to compensate for their loss.
It is difficult for experts to predict how the market will behave further. However, many argue that people who have invested in the market at the peak of prices will use any chance to make a profit.
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