Browse Stacks: Trading: Crypto: Crypto Collapse Accelerates As Bitcoin Miners Turn Cashflow Negative | Zero Hedge

If the price doesn't rise, then the average miner is set to lose $3 per week at current levels. Mining syndicates such as Antpool -- which are probably buying their mines at less than the retail price -- may still be making money, but will be getting returns 90 percent lower than they would at that 50-day moving average. 

The only way for miners to return to sustained profits is if Bitcoin prices rise, or some miners turn off the lights, lowering competition. Stay tuned...