Can miners survive this double-edged combat?

in #hopdh2 years ago

The worst part is that these difficulties seem too strong to handle and it doesn't seem like it will get any easier. According to CryptoQuant, BTC miners are facing hurdles not to sell their holdings of crumbs. However, the declining state of the Bitcoin hashprice has left most miners with no choice but to succumb to selling pressure.

Hashprice, the market price per hashing power, is what serves as the income for these miners. Unfortunately, CryptoQuant noted that revenue is near the lowest point ever recorded.

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