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Why Bitcoin Miners Are Selling Now – Record Hashrate And Rising Costs
many miners short on cash, so they sell more bitcoin. Bitcoin’s mining network keeps hitting new highs, but miner earnings are dropping fast. With more competition and higher expenses, many miners now sell part of their bitcoin to stay afloat. This is due to record computing power, weaker revenue per unit, and rising operating costs that make it harder for miners to hold their coins. Bitcoin Hashrate Keeps Rising While Hashprice Drops Bitcoin’s hashrate reached about 1,082 EH/s, which shows how much computing power miners add to the network. More machines mean tougher competition for the same block rewards. As a ... (full story)
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