There’s been a lot of controversy surrounding Bitcoin mining pretty much since its inception. The process of mining is so costly that it’s unfeasible for most people to be able to participate in the mining, leaving the control over the blockchain consensus mechanism to a select few people. A recent interview between Bitfury CEO Valery Vavilov and journalist Laura Shin has now rekindled the debate. Discussing the financial feasibility of Bitcoin mining, Vavilov told Shin that mining is profitable down to a price of $2,500-$3,000 per Bitcoin, even though it might vary a little by location. .@BitfuryGroup's @valeryvavilov says it depends…
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