Cryptocurrency Q&A
What happened to bitcoin miners?
What happened to bitcoin miners?
Claudio
Sun Jul 14 2024
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5 answers
886
I've been hearing a lot about Bitcoin miners lately, but I'm not entirely clear on what's been happening with them. Could you provide a concise overview? I've heard mention of decreasing profits, increased competition, and even some legal issues. Is it still profitable for miners to operate? What challenges are they facing? And how does this impact the overall bitcoin ecosystem? I'm particularly interested in understanding the financial implications for miners and how they're adapting to the changing landscape.
5 answers
KDramaLegendaryStarlight
Tue Jul 16 2024
Marathon Digital and Riot Platforms, two of the largest mining stocks, were particularly affected.
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Rosalia
Tue Jul 16 2024
Cryptocurrency markets underwent a volatile session on Thursday, with Bitcoin miners experiencing significant losses.
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KpopStarletShineBrightness
Tue Jul 16 2024
Marathon Digital lost 12% of its value, while Riot Platforms saw a steeper decline of 15%.
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CryptoQueen
Tue Jul 16 2024
The retreat in Bitcoin prices followed the approval of the first U.S. spot bitcoin exchange-traded funds by the Securities and Exchange Commission.
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SumoPride
Tue Jul 16 2024
This approval had initially propelled Bitcoin prices higher, but the gains were soon reversed in the volatile trading environment.
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