The Bitcoin Mining Block Post

The Bitcoin Mining Block Post

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The Bitcoin Mining Block Post
The Bitcoin Mining Block Post
Exchange Exodus and Miner Capitulation

Exchange Exodus and Miner Capitulation

Mining economics, news & insights.

Oct 15, 2024
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The Bitcoin Mining Block Post
The Bitcoin Mining Block Post
Exchange Exodus and Miner Capitulation
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As Bitcoin's price climbs back above the 200-day simple moving average (SMA), the network hashrate has pulled back after revisiting the 700 EH/s mark. With mining difficulty hovering near all-time highs and hashprice remaining below $50/PH/day, miners have entered a new capitulation phase. Could the low circulating supply of BTC, driven by the ongoing e…

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