Bitcoin (BTC) to rise to 5.5 million yen by the end of 2018? BitMEX CEO makes bold prediction
【Latest Revenue Status of Cryptocurrency Mining Machines】
Since the year of cryptocurrency’s inception, mining investments have been heating up, and within that,
the most important concern, surely, is the profitability of mining?
Compared with last year, global mining efficiency has declined due to market downturns and intensified competition,
but even with an annual yield of 20% to 30%, in stocks or FX investments,
top traders would be treated as extraordinary, yet even in today’s market, mining is generating returns that far exceed that.
Bitcoin (BTC) rising to 5.5 million yen by the end of 2018?
（https://coinchoice.net/2018-bitcoin-rise-says-bitmex/）There are bold predictions, but
as a cautious estimate, even assuming a strict forecast, in the Olympic year 2020
it is easy to imagine surpassing the 2 million yen reached last year.
As of June 3, 2018
Mining machine revenue simulation per unit / per month
(1 BTC = 837,463.44 yen)
Mining income: 0.03477465 BTC (29,122.5 yen)
Electricity cost: -0.01166825 BTC (-9,771.75 yen)
Profit: 0.0231064 BTC (19,350.75 yen)
Annual yield: 41.3%
※ Yields are not guaranteed as they fluctuate with market conditions and mining difficulty.
This is after deducting electricity costs, but in an environment where electricity is free, such as using solar power,
it would naturally increase further.
Also, if the BTC price rises and doubles, the annual yield would correspondingly double.
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