Bitcoin Miners Face Shrinking Profitability Amid Crypto Crash

Bitcoin gold crash

As bitcoin enters a new bear market, the mining sector is feeling the pain. Specifically, miners are seeing their profit margins dwindle as Bitcoin’s price falls and Bitcoin’s mining difficulty continues to rise.

Bitcoin mining revenue potential, defined as its hashprice, has fallen some 68% from its 2021 peak and 58% from 2021’s average.

Bitcoin’s mining’s revenue potential is shrinking along with the asset’s price

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