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Coinpedia 2024-08-30 11:14:54

Bitcoin News Today: How Miner Sell-Off Contributed to the Recent BTC Price Crash?

The post Bitcoin News Today: How Miner Sell-Off Contributed to the Recent BTC Price Crash? appeared first on Coinpedia Fintech News Recent discussions, including insights from Coin Bureau, have highlighted growing concerns about Bitcoin miners selling off their holdings and facing profitability challenges. Bitcoin mining, essential for securing the blockchain through proof of work, has become increasingly complex and costly. Today’s miners rely on specialized, energy-intensive machines called ASICs, making the process both expensive and competitive. …

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