Bitcoin (BTC) miners could form the next BTC price “trigger,” research warns as withdrawals intensify.
In a Quicktake post for on-chain analytics platform CryptoQuant on Nov. 10, contributor MAC.D suggested that miners could soon face “bankruptcy.”
Research: Network conditions “will strangle” miners
After BTC/USD fell 20% in a matter of days, miners began operating at a higher cost than the block subsidy and transaction fees they earned.
The result is mining rigs being idled and…
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