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If the break-even price was $9,000, miners would be making a truckload of money, and more of them would be entering the market. Yet the opposite is happening.
by lottin 4y ago
If the break-even price was $9,000, miners would be making a truckload of money, and more of them would be entering the market. Yet the opposite is happening. Miners are trying to disinvest by selling some of the hardware and struggling to find buyers. [1]
[1] https://blockworks.co/crashing-prices-expose-bitcoin-mining-industrys-addiction-to-leverage/ https://blockworks.co/crashing-prices-expose-bitcoin-mining-...