Bitcoin May Be Down, But Miners Remain True

As Bitcoin faces downward market pressure, the price of the world’s most dominant virtual currency is likely to have crossed below the break-even point for crypto miners, according to most analysts. This, however, has not stopped their activity as the cryptocurrency mining industry is in it for the long haul.Bitcoin Miners Keep on Activity Even Below Break-EvenBitcoin mining stopped being a thing of amateur cryptocurrency enthusiasts in their basements to become an industry of its own.This has seen executives raising money from venture capitalists in order to fund multi-million dollar operations in regions of the world with cheaper power. Lower marginal costs with an industrial capacity have allowed professional miners to drive amateurs away from the scene, especially when the market is in a bearish momentum, like today.Marco Streng, CEO of Genesis Mining, told Bloomberg that major players, like Bitmain or Bitfury, continue to expand their game by investing

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