Hash rate collapses
The current situation on the electricity and crypto market is putting bitcoin miners under extreme pressure. By November, the hash rate was still able to increase, but it collapsed by 14 percent and is still 8 percent below the all-time high. Many of the largest mining companies react to this with extreme bitcoin sales and even sell off their silverware: the ASIC miners.
Mining stocks: That’s what the charts say
Both chart-wise and fundamentally, four of the top mining companies are in dire conditions. David Scheider and Peter Büscher took a look at these key figures and critically examined the companies.
How global electricity prices are, which countries have the highest Hashrate and where there is light in all this darkness, we discuss in this issue of the BTC-ECHO Invest Podcast.