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CryptoGlobe

2022-12-06 11:57:17

Bitcoin ‘Mining Industry Is Under Under Extreme Stress’, Says Crypto Analytics Firm

Bitcoin ‘Mining Industry Is Under Under Extreme Stress’, Says Crypto Analytics Firm

Glassnode, the startup behind “the world’s leading blockchain data and intelligence platform”, seems concerned about Bitcoin miners. Earlier today (6 December 2022), Glassnode said: “The Bitcoin protocol has just decreased mining difficulty by -7.3%, the largest downwards adjustment since July 2021. Given depressed coin prices, rising energy costs, and debt burdens, the mining industry is

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