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Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall – Mining Bitcoin News

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall – Mining Bitcoin News
Bitcoin miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May.

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Bitcoin miners are experiencing a significant drop in network participation as the price of Bitcoin and mining revenues continue to decline. The network's hash rate has dropped to 100 EH/s, indicating that miners are leaving the network. This decrease in mining activity is likely a result of the recent downturn in Bitcoin prices, which has led to reduced profitability for miners. As a result, the future of Bitcoin mining remains uncertain as miners grapple with diminishing returns.

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