Let’s explore what this means for the current Bitcoin cycle.Bitcoin mining profitability can be measured by taking the miner’s revenue per kilowatt hour . According to Jaran Mellerud, a Bitcoinfor Hashrate Index, a BTC mining bear market has a sustained period of revenue per kWh of less than $0.25. Under his assumption, he calculates using the most efficient Bitcoin mining machine on the market.
The 2018 bear market lasted nearly a year, sending kWh to a bottom of $0.12. Following the downtrend, a short bull market commenced until the 2019 bear market began. According to Mellerud, the 2019 bear market produced all-time low revenue per kWh of $0.083 and lasted 463 days, while Bitcoin price dropped to $5,000.
The most recent mining bear market started in April 2022 according to Mellerud’s analysis of revenue per kWh. As of Dec. 8, the current bear market has lasted for 225 days with a minimum revenue of $0.108 per kWh. The number is higher than in previous bear cycles due to high energy prices.Comparing the current bear mining cycles, a minimum of 138 bear market days may continue before the market turns.
After reaching the bull market peak in 2021, crypto mining stocks are under immense pressure, with many falling by 90%.The immense amount of debt taken on by public mining firms taken at Bitcoin’s all-time high is creating a massive debt-to-equity ratio.
what’s awesome is we have at least another year of stacking cheap af sats this is a gift from the heavens
BTC miners need to learn about Coredao_Org . Delegate your hash and receive 'Core ' as rewards.
Flashback 2010: 'What's a crypto miner?
10.000 options to miners. But the cry is free.🤣
That's why it's better to invest rather than mining. You can easily sell bitcoin for USDT and wait out the bear market, while everything is not so simple with mining.
they can use their hash power to either become relayers or to delegate to earn rewards
They can use their hash power to earn revenue with coredao_org 💪👌
🧐
patience is key
Bitcoin miners can provide hash power to Coredao for more income!👇
what happens if no more miner
We will probably see capitulation soon. Be prepared, guys.
There will be a door open to them sooner than later willvfarrington tell them Coredao_Org