Analysis: Despite the increased difficulty in Bitcoin mining, miners are currently in a relatively healthy state
The difficulty of Bitcoin mining was adjusted up by 6.24% to 101.65 T this morning, setting a new record high. Analysis points out that because Bitcoin mining is an extremely competitive and capital-intensive industry, smaller or private companies may have more limited opportunities to obtain cash than their listed competitors, so they may need to sell their Bitcoin output to provide funds for operations.
However, analysts believe that currently Bitcoin miners mine about 450 BTC per day on average. If all are sold, the selling pressure would be approximately $31.5 million USD. This indicates that Bitcoin miners are currently in a relatively healthy state.(Coindesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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