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News Explorer — Bitcoin Miners Show Resilience in Face of Energy, Price Pressures

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Sep 11, 10:01 pm
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Bitcoin Miners Show Resilience in Face of Energy, Price Pressures

Despite shrinking revenues and rising operational costs, Bitcoin miners are investing in new hardware, displaying confidence in the future of the network. The hash rate remains near all-time highs, even as revenues have dropped. Miners are facing challenges such as increasing mining difficulty and declining transaction fee revenue, but they continue to invest in new ASIC hardware due to improved energy efficiency and the need to stay competitive.

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