Bitcoin miners' computing power plummeted, and the rune track, the big miners are about to inject funds to pull up the market. The dealer behind the miners surfaced (BlackRock again?)
The indicator of the Bitcoin mining profitability window is approaching the historical low reached after the collapse of FTX, which indicates that miners are now losing money in mining, and the miners are having a hard time.
According to the computing power index data, the computing power price fell to $57 on Friday. The figure represents the amount of money a miner can earn from the computing power of 1 petahash per second per day. Shortly after the FTX crash in November 2022, its price hit a historical low of $55. After the Bitcoin halving on April 20, the hash price immediately soared to $139.
The reason for the surge in computing power is that a series of activities of the Rune protocol have caused a surge in transaction fees. At the same time as the transaction fees have soared, the miners' income has also soared. When the halving occurred on April 20, miners were very happy. Bitcoin GAS hit a hash price of $138, but it did not last long. Miners were too happy too early. The rune track did not last for several months like ORDI this time. It was gone in a few days. Now miners are losing money in mining, even worse than before FTX, because the difficulty has increased.
What should miners do after being happy too early? The rise of ORDI is actually behind the domestic miners and dealers pulling the market. Because the Bitcoin ecosystem is active and the high GAS fees allow miners to make money continuously, it is not difficult for the mine bosses to spend some money to make the ecosystem better.
Now the mine bosses are organizing and planning when to pull the Bitcoin ecosystem. The rune ecosystem pull may need to be slowed down, because runes are made by foreigners, and inscriptions are local domestic projects.
But no matter what, the mining bosses will not let the computing power continue to be sluggish. Otherwise, without the maintenance and anchoring of miners, the security of Bitcoin will be greatly reduced, which is not what anyone wants to see. Therefore, for the stability and income of Bitcoin, whether it is miners or Wall Street capital, they will find ways to maintain the income of mining.
After all, BlackRock and Fidelity invested in several major mining companies listed on the US stock market in 2014. This layout has long surpassed the so-called Bitcoin richest man Li Xiaolai. #比特币减半 #大盘走势 $BTC