Mining Monday: Hash Highlight! π₯
Happy Monday Miners. βοΈ 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 @ 7Β’/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 ~β10%. A pay raise for everyone still hashing. Paper hands are exiting. Efficient miners are still stacking at a discount. π Any questions regarding the current market conditions miners are facing? *7Β’/kWh assumes a competitive hosting rate. Numbers subject to change. Not financial advice.