After Bitcoin’s sharp fall in the last few days, miners started to get into trouble. While some miners were pulling chips, others started selling Bitcoin.
Bitcoin’s recent unstoppable decline has started to worry investors. After many technical analyzes and graphs were wasted, Bitcoin fell below the level called ‘fall’ and dragged altcoins after it.
Crypto mining, which has been on the rise in recent years, is also among those who have had its share of this decline. In addition to the ever-increasing electricity and hardware costs, after this sharp decline, miners considering turning off their machines.
Big mining companies are shutting down machines
made with a video card and nowadays ‘old styleThe mining system, known as ‘mining’, is especially difficult for miners due to high electricity consumption and graphics card prices. started to become a burden.. While some of the miners using such mining systems decide to unplug their machines and even sell some of them due to the excessive decrease in their income, ‘modern’ mining systems, although difficult, can lead to this decline. trying to hold on.
While the level of plugging decreases in the devices of companies producing mining hardware such as Canaan and Bitmain, the number of users who pull plugs in classical hardware is increasing day by day. increasing.
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Some mining companies, on the other hand, are trying to provide themselves with extra liquidity instead of pulling chips. Bitcoin and altcoin sales started. However, if this decline of Bitcoin and altcoins continues, all miners will go through a very difficult process. can enter.
Source :
https://uzmancoin.com/bitcoin-dusiyor-madenciler-makineleri-kapatması/