1d • ⛏️ Mining Operations
Mining Monday: Hash Highlight! 🔥
Happy Monday Miners. ⛏️
Bitcoin's ~50% off the ATH and hashprice is retesting lows.
Today we cover:
- Inefficient operators are still unplugging as Hashprice is back near $28/PH.
- S21 XPs @ 7¢/kWh are still producing BTC under spot.
- Boomer ETFs bled ~$5.8B; avg cost basis (~$83K) now underwater!
- Difficulty adjustment (est. June 14) currently tracking ~−10%. A pay raise for everyone still hashing.
Paper hands are exiting. Efficient miners are still stacking at a discount.
👇 Any questions regarding the current market conditions miners are facing?
*7¢/kWh assumes a competitive hosting rate. Numbers subject to change. Not financial advice.
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Mining Monday: Hash Highlight! 🔥
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