COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
Bitcoin mining network becoming more sensitive to price swings, JPMorgan says
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
A growing share of miners are operating near breakeven levels, making hashrate and mining difficulty increasingly responsive to bitcoin's price movements, the bank said.
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JPMorgan reports that a rising number of Bitcoin miners are operating close to their breakeven points. This makes the network's hashrate and mining difficulty highly responsive to fluctuations in Bitcoin's price. The bank highlights increased sensitivity to price movements…
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