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Analysis: Bitcoin miners are currently in a relatively healthy state

2024-11-05 11:55
Odaily News The difficulty of Bitcoin mining increased by 6.24% to 101.65 T this morning, setting a new record. Analysts pointed out that since Bitcoin mining is an extremely competitive and capital-intensive industry, smaller or private companies may have more limited access to cash than listed competitors, so they may need to sell their Bitcoin production to fund operations. Now Bitcoin miners mine about 450 BTC per day on average. If all are sold, the seller pressure is about $31.5 million, which shows that Bitcoin miners are currently in a relatively healthy state. (Coindesk)