The Perfect Storm
Summer holiday is over and miners face a hard reality of record low margins for 2023
Last market analysis was called “Quiet Before the Storm?”, well that storm came and was a perfect one. Hashrate rising to new highs led to a difficulty adjusting of almost 7%. This is a tough cookie for miners because BTC price broke to the down last week after a period of low volatility. Hashprice was pushed to levels we have not seen yet in 2023. Whil…