Bitcoin miners are getting battered this year with stocks declining by more than 50% on average. The pain has been amplified for miners as the network hashrate has risen near all-time highs. Chart of the Day explains the data, presented by cryptocom:
Bitcoin mining stocks like Riot Blockchain and Marathon Digital declined by more than 50% on average as BTC’s price slumped following last year’s bull run.
Data suggests bitcoin supply held in miner addresses have mainly been net outflows since April. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
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