💰 Bitcoin Miners Facing Financial Turmoil:

‱ Recent data reveals a worrying trend: Bitcoin miners are experiencing their lowest daily revenues since November 2022.

‱ Julio Moreno, Head of Research at CryptoQuant, warns that the miner profit/loss sustainability index has plummeted to its lowest point since June 2021.

‱ Despite Bitcoin's value, miner profitability is not aligning with the challenges of increasing mining difficulty and operational costs.

💡 Economics of Mining Bitcoin:

‱ The complexity of Bitcoin mining economics hinges on factors like Bitcoin's price, network hash rate, and electricity costs.

‱ As more miners join the network, mining difficulty rises, amplifying operational expenses.

‱ Without adequate price appreciation, miners face sustainability issues, exacerbated by the network's design adjusting mining difficulty every two weeks.

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