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7
December2017
Mining bitcoins will become unprofitable by 2022 – Citigroup

Soon, mining bitcoins will be completely unprofitable due to an increase in electricity costs. This is reported by Bloomberg.

According to Citigroup analyst, Christopher Chapman, by 2022, this popular cryptocurrency will be profitable to mine only if its worth will exceed $300,000.

In addition, energy costs for mining bitcoin will be colossal by that time. So the government of any country will not just overlook such a situation. Chapman says that the authorities will simply introduce different tax penalties for miners in order to prevent electricity consumption growth.

Mining bitcoins will become unprofitable by 2022 – Citigroup

The analyst also believes that bitcoin community should change the way they make profit now and switch to Proof-of-Stake algorithm. This transition will be especially necessary if Ethereum is the first to take this step.

December 7, 2017

InterContinental Malta

St George`S Bay, St Julians

Malta will become the hub of the fintech industry in Europe!

Three intensive conference sections:

• Blockchain solutions in practice

• ICO trends

• Panel discussion: Legal and Regulatory Challenges in Blockchain

Our participants are entrepreneurs and experts in legislation, blockchain developers, investors, startup founders, bitcoin enthusiasts, financial specialists and bankers, lawyers, representatives of payment systems.

 

Why you should attend:

 

• 20 Top-notch Speakers and many industry experts;

• extensive business program of the Conference;

• 3 intensive conference sections;

• best well-known Sponsors;

• more than 16 outstanding Exhibitors​​​​​​

 

 

We will be glad to see everyone at Blockchain & Bitcoin Conference Malta 2017!

 

 

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