Mining activity has not decreased despite falling Bitcoin prices

According to Bloomberg, the combination of bitcoin's price rise and fall and hash rate (a measure of computing power) shows how complex the economics of cryptocurrency mining are. The rising hash rate means bitcoin mining remains profitable for many players to stay invested and defies speculation that bitcoin prices have fallen below the break-even point for mining.

Genesis Mining CEO Marco Streng said in a recent phone interview that there is still massive expansion in the cryptocurrency mining industry, especially from more efficient miners. The expansion is so large that it makes up for the exit of inefficient miners.