Coin Citadel (CCTL)

[I-Glow]

The Bitcoin price won't mean anything when a company is going against the next generation mining rigs.

With a little over six months left until the next Bitcoin halving, some of these new rigs are up to 500% more powerful than their predecessors in terms of hash rate.

The.S9 played a crucial role in killing off all the rumors that the halving event in 2016 would be followed by most miners quitting the game due to shrinking profit margins.

That is because mining rewards will be reduced by half, and most miners relying on older rigs will simply be unable to make a profit in the wake of increasing competition. Under said circumstances, they will have no other way but to pull the plug on their obsolete rigs.

Certainly a Bitcoin price would help - but not unless you upgrade all of your mining rigs.

IG