Bitcoin miners are currently navigating a challenging period marked by rising operational costs and lower rewards. Despite these difficulties, industry analysts suggest that the situation is not catastrophic. The miners are “treading water” rather than capitulating to a full-scale bear market scenario, according to recent analysis.

Current State of Bitcoin Mining

James Check, the lead analyst at Glassnode, recently discussed the current state of Bitcoin mining in a video posted on June 21.&middot

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