() revenues have begun climbing after falling to their lowest levels in 18 months, statistics from industry newsletter confirmed Mar. 4.
Capping a troubling year for miners, February saw revenue drop to amounts not seen since August 2017 — when was at the start of its most recent bull run.
income totalled $195 million in February 2019, down from $210 million in January and a fraction of the $951 million all-time highs seen at the height of the bull run in .
“To make matters slightly more difficult, miners running optimal equipment and who have secured wholesale electricity prices have seen their gross margins squeezed requiring a massive deployment of hash power in order to stay afloat,” Diar added.
As Cointelegraph , the last two months of 2018 were not financially beneficial for miners. A of around 50 percent in the crypto markets in mid-November sparked temporary chaos, with warnings from community in particular that network performance would soon suffer.
The following month began seeing a return to form, difficulty adjusting to suit current conditions and subsequently retracing losses.
Diar confirmed the progress, also noting that gross margins for those running S9 have improved versus a month ago.
Bitmain itself has meanwhile felt the impact of the market slowdown, with Cointelegraph on a spate of downsizing moves which have entailed job losses and from some jurisdictions.
Associated companies with exposure to the sector, such as hardware manufacturer , have also about revenue viability due to market turbulence.
Published at Tue, 05 Mar 2019 10:18:24 +0000
