📉 Bitcoin miners are feeling the pinch as operational costs rise and rewards dwindle. However, it's not all doom and gloom, says crypto analyst James Check. Despite a 5% mining hashrate struggle, he believes it's not a "complete and total firesale." Miners might be "treading water," but they're not drowning yet. The Bitcoin network’s hash rate is currently 586 exahash per second (EH/s), down 2% over the past 30-days. As miners adapt to transaction fees becoming their primary revenue stream, innovation and efficient capital management are key. So, it's less "Titanic," more "Finding Nemo." Keep swimming, folks! 🐠