At least 100,000 Bitcoin miners have shut down - report

Bradley Prior

MyBroadband Journalist
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At least 100,000 Bitcoin miners have shut down - report

One of the consequences of the recent rout in Bitcoin is well underway. And it’s likely to have a profound effect on the leading cryptocurrency.

There is a consolidation going on among the so-called miners that perform the complex calculations to generate the digital currency after the plunge rendered many of them unprofitable. [Bloomberg]
 

ghoti

Karmic Sangoma
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Jan 17, 2005
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Theres a 15% drop in mining difficulty. 2nd biggest in bitcoin history. This is when the squeeze happens for any miner not part of a monopoly.
 
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