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Cryptocurrencies: 26585
Markets: 104250
Market Cap: $3,363,512,843,742     
24h Vol: $68,523,822,230
Bitcoin.com 2022-11-21 17:30:25

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value
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