Britain’s biggest cryptocurrency mine: plans abandoned

The state of the cryptocurrency market has led a company to abandon an ambitious mining plan…

Questions are being asked over the future viability of cryptocurrency mining, which has undergone something of a dramatic year. When cryptocurrency prices were at their peak 12 months ago, there was a surge in crypto mining. But as 2018 wore on and the price fell, so more and more people ducked out of the crypto mining market. With potential revenues down, the market has been driven in notable part by a collection of bigger mining operations, who can scale with the changing state of the market.

Or can they? Because it’s now reckoned that the price of Bitcoin for one is below the break even point, and as a consequence, interest has dropped further.

The latest victim of this is a project from a company called Bladetech.

It had been putting together plans for what would have been the biggest Bitcoin mine in Britain, announcing them originally all the way back in March. But…