Bitcoin mining continues to show signs of volatility. With increasing costs to mine and unpredictable revenues, will the interest in mining continue to grow or will miners move on to greener proof-of-work pastures? Here’s AMBCrypto’s Price Prediction for Bitcoin [BTC] for 2022-2023 One of the reasons behind the growing FUD among Bitcoin miners is the […]
mining continues to show signs of volatility. With increasing costs to mine and unpredictable revenues, will the interest in mining continue to grow or will miners move on to greener proof-of-work pastures?One of the reasons behind the growing FUD among Bitcoin miners is the fluctuation in revenue being generated by miners. In fact, the same has been consistently volatile over the last few months.
A lot of uncertainty around the revenue being generated, coupled with a growing hashtrate, could increase selling pressure on miners.Another indicator of growing selling pressure would be the decline in miners’ reserves. As can be seen from chart, Miners’ Reserves for Bitcoin have declined significantly over the last 3 months. This metric highlights the reserves that Bitcoin miners have not yet sold. When miners start selling, it could lead to price drop.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wheaton increases net earnings in Q3, announces dividendA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Equinox reports net loss of $30M in third quarter, gold production up 3%A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
B2Gold reports net loss in third quarter as gold production down 27% y-o-yA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
AMG says its lithium business contributes most to all-time record earnings in third quarterA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Barrick reports net earnings of $241M in Q3, says on track to achieve its 2022 production guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »