$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis By Cointelegraph

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4 years ago

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$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

(BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability.

The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment.

Bitcoin miner exchange flows vs. chart. Source: CryptoQuant

Bitcoin ASIC Price Index vs. BTC/USD chart (screenshot). Source: Hashrateindex.com