Bitcoin mining is hitting a brutal freeze: hashprice plunged to $35/PH/s, well below miners’ $44 costs, pushing many to the edge. Debt is piling up and only the toughest operators may survive this culling phase. ❄️⚡ #Bitcoin #Crypto
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin mining is hitting a brutal freeze: hashprice plunged to $35/PH/s, well below miners’ $44 costs, pushing many to the edge. Debt is piling up and only the toughest operators may survive this culling phase. ❄️⚡ #Bitcoin #Crypto