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Bitcoin crash


Bitcoin mining operations in the US and China are facing closures after the plummeting price of bitcoin means they may no longer be profitable.
The world's most valuable cryptocurrency is currently trading at around $4,500, having lost almost a third of its value in the space of a week.






BITCOIN PRICE CRASH CAUSES BANKRUPTCY AND MASS CRYPTOCURRENCY MINE CLOSURES

Tens of thousands of mining rigs have been shut down in China

Bitcoin mining operations in the US and China are facing closures after the plummeting price of bitcoin means they may no longer be profitable.
The world's most valuable cryptocurrency is currently trading at around $4,500, having lost almost a third of its value in the space of a week.

Bitcoin mining – the process of generating new units of the cryptocurrency by solving complex puzzles – requires vast amounts of electricity to power the computers performing the calculations.
This means that the profitability of mining falls when bitcoin's price drops, and if the price falls too far  then operations may no 
Read more from independent.co.uk 

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