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Bitcoin miners going out of business

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Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

October 25, 2022 by DIGIT

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners. Go to Source Powered by WPeMatico

Categories are Bitcoin miners in trouble, ASICs, Bitcoin Difficulty, Bitcoin miners going out of business, Bitcoin Mining, BTC miners, energy costs, Hashrate


Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$66,201.00-1.77%
  • ethereumEthereum(ETH)$1,940.49-0.51%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$611.390.42%
  • rippleXRP(XRP)$1.36-0.67%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$77.87-2.12%
  • tronTRON(TRX)$0.2797490.82%
  • dogecoinDogecoin(DOGE)$0.0924571.57%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-1.71%
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  • bitcoinBitcoin(BTC)$66,201.00-1.77%
  • ethereumEthereum(ETH)$1,940.49-0.51%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$611.390.42%
  • rippleXRP(XRP)$1.36-0.67%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$77.87-2.12%
  • tronTRON(TRX)$0.2797490.82%
  • dogecoinDogecoin(DOGE)$0.0924571.57%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-1.71%