Bitcoin Value Falls, Mining Rigs Sale – Bitcoin Journal

One motive that miners usually take note of the worth of bitcoin is as a result of miners have a robust optimistic relationship to its volatility. And as bitcoin’s dollar-denominated worth declined sharply this month, mining {hardware} costs adopted swimsuit.

At its current lows, bitcoin was buying and selling close to $17,000, a decline of over 60% up to now. Over the identical interval, the worth of probably the most environment friendly miners is down 41%, as detailed beneath.

Wanting on the relationship between the worth of bitcoin and bitcoin miners supplies helpful perception into bitcoin worth volatility and the mining sector’s response to piling up discounted {hardware}.

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