July 18, 2024


The below is a direct excerpt of Marty’s Bent Issue #1275: “Miners are in a world of hurt.” Sign up for the newsletter here.

The pain in the mining world continues as hash rate skyrockets, the difficulty adjusting upwards as a result and hash price craters as the price of bitcoin has remained in a tight range between approximately $18,000 and $20,000 for more than six weeks. After yesterday’s upward difficulty adjustment of 3.4%, hash price fell to $0.055, according to Braiins Insights. This is the lowest it has been in the ASIC era.


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