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Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

2022.07.30 22:01

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity
Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity – Budrigannews.com

Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary from country to country — and in the case of the United States, from state to state. On top of that, they also had to contend with Bitcoin’s precipitous drop from $69,000 to $17,600.

Despite BTC price being 65% down from its all-time high, the general consensus among miners is to keep calm and carry on by just stacking sats, but that doesn’t mean the market has reached a bottom just yet.

 

 

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

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