After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices.
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After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices.
Running a business is no picnic, who would have guessed..
All this information is known before hand. Miners had ample time to shore up their balance sheets to weather this. The most efficient ones will survive I guess.
Its always like that for a little while after the halving.
But this halving should have given them a bit more breathing space because the price is still relatively high.