Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value – Mining Bitcoin News

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value recorded on spot market exchanges.

Statistics Show Bitcoin’s Cost of Production Is a Lot Higher Than the Leading Crypto Asset’s USD Valueon Bitcoin’s difficulty rising by 0.51% at block height 764,064, and the increase pushed the difficulty to an all-time high at 36.95 trillion. After that difficulty transition, data shows the overall global hashrate dropped from 317 exahash per second to 233 EH/s.

There are a lot of coins out there but I bring you one of the best your should check out 👉 ElectraProtocol $xep🧿

This can turn around though when btc finally surges

Well, it does sound bad. But I’m still gonna hodl mine on bfx.

UPDATE:

UPDATE:

must check

JUST IN

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility – Market Updates Bitcoin NewsBitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. IMPORTANT: IMPORTANT: Whyy is everybodyy silent on thiss?
Herkunft: BTCTN - 🏆 531. / 51 Weiterlesen »