This article is important for people investing & trading in cryptocurrencies.
The average cost of mining one bitcoin varies from country to country, in some countries the mining cost per bitcoin is very high whereas on the other hand it is relatively low & profitable in others.
So as per the calculations the average cost of mining a single bitcoin is between US$4,800 - US$5,300. Hence looking at the current market situations I would advise that you should not trade in VC's right as of now. You can consider resuming the trading on exchanges when the price stabilizes to avoid losses. (Currently the price of bitcoin will fluctuate between $5000-$6000 range)
Thr Ukranian Police have arrested 4 people for running 6 fraudulent exchanges.
They attracted users throught fake positive ratings.
The 6 websites that you need to beware of are:
- moneycraft.info
- wowex.online
- swapex.net
- myexchanger.lv
- iconvex.net
- likechange.biz
Their ages are between the range of 20 to 26, they are being charged with fraud & await trail.
Thank you for reading this article.
Photo credits trak.in