EXPLOSION. JPMorgan just dropped a bombshell – Bitcoin mining costs have OBILITATED profitability as BTC trades 19% below its estimated $78,000 production cost, leaving nearly 20% of the industry in the RED #BitcoinMining #CryptoMarkets #MarketDive
The proof is in the pudding - according to JPMorgan, public miners are selling a record number of coins, and the situation is only getting WORSE, forcing miners to dig deeper into their pockets to stay afloat. Nobody saw this coming #CryptoStorm #MiningDilemma
The stakes are high – if this trend continues, it could render the existing mining infrastructure OBSOLETE and pave the way for a more centralized and controlled market. What happens when the flood has started? Are you ready to RIDE THE WAVES? Join us on Binance Square and discuss it now!
The proof is in the pudding - according to JPMorgan, public miners are selling a record number of coins, and the situation is only getting WORSE, forcing miners to dig deeper into their pockets to stay afloat. Nobody saw this coming #CryptoStorm #MiningDilemma
The stakes are high – if this trend continues, it could render the existing mining infrastructure OBSOLETE and pave the way for a more centralized and controlled market. What happens when the flood has started? Are you ready to RIDE THE WAVES? Join us on Binance Square and discuss it now!