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Bitcoin’s highly volatile price has devastated the majority of the crypto market and is now dragging miners down with it.
The post Here’s why miner capitulation is actually good news for Bitcoin appeared first on CryptoSlate.
The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills.
Mainstream financial audiences are now paying attention to miner extractable value (MEV), and bitcoin investors should too.
Bitcoin mining company, Luxor, has launched indices that track hash rate price and cost of ASIC miners in order to analyze the various costs related to mining.
The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings.
The relationship between energy prices, hash rate, difficulty and the bitcoin price will be extremely important as the price of energy rises.
Analyzing the changes in average hash rate to measure miner capitulation in the bitcoin market can be a market indicator for miner capitulation.
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