Bitcoin Hashprice Plunges to Record Low, Sparking Fresh Miner Profitability Crisis Concerns
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Bitcoin's hashprice recently plunged to a record low, leading to fears of a looming profitability crisis for miners. This decline is largely due to the increasing network difficulty, which has made mining less profitable. As a result, daily miner revenue has seen a significant drop, exacerbating the crisis further.
Miners are now facing extreme pressure to maintain operations as they struggle to cover operational costs. Some may be forced to shut down if the situation doesn't improve, impacting the overall network.
The current scenario highlights the volatility and challenges in the crypto mining industry, calling for potential strategies to mitigate risks in such unpredictable environments.
Kaynak: en.coinotag.com ↗
