Bitcoin miners struggle as energy prices rise and hash prices fall

Bitcoin prices have continued to hold near $20,000 this past week, but some miners are crumbling as spiking energy prices and historically low hash prices cut into profits.
Even though bitcoin’s price has been down for a while and has fallen about 56% year to date, the dominoes just began to fall for Bitcoin miners. What’s driving the implosion?
“There are a lot of different issues in the motion. Obviously the global recession is looming, on top of inflation and rising prices of electricity,” Christopher Perceptions, founder of PerceptForm and CEO of NoCodeClarity (no-code web3 apps), told Tec

リンク元