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Bitcoin Miners Now Face Darkest Situation Since 2015 – Here’s Why

Bitcoinist LogoBitcoinist4d ago

Bitcoin Miners Now Face Darkest Situation Since 2015 – Here’s Why - Bitcoinist

Quick Summary:

Bitcoin, considered the largest cryptocurrency in terms of market capitalization, will be exiting the month of November with trading prices that are significantly lower than what it had the same time last year.

It can be recalled that in November 10, 2021, BTC was able to hit its milestone all-time high (ATH) of $69,044.

The first is that it is getting more difficult for miners to mine the next block when hash rates near their peak levels.


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Bitcoin Miners Now Face Darkest Situation Since 2015 – Here’s Why - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 15:20:41 (4 days ago)

News Timezone: GMT +8:00

Ranking: #1095 (out of 2641 stories this day)

News Source URL: bitcoinist.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 1912653

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 14 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Miners Now Face Darkest Situation Since 2015 – Here’s Why" has 458 words across 30 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Bitcoin Miners Now Face Darkest Situation Since 2015 – Here’s Why" was covered 4 days ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 9 news stories per day.

It's most recent story was published 14 hours ago.

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  • News ID: #1912653
  • URL: https://beamstart.com/news/bitcoin-miners-now-face-darkest-16693035871199

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