X @THE HUNTER

Bitcoin mining is entering a tough phase.Electricity costs are rising while the Bitcoin price has dropped.There is now a huge gap between hashrate and BTC priceThe global average power cost is around $0.17 per kWh.At that level, many miners are operating at a massive loss, up to 20% loss for mining Bitcoin 🤯But still network hashrate is still near all time highs.That means more competition and lower rewards per miner.Smaller and less efficient operations are under serious pressure.Right now, only large mine ...