🔍 Up to 20% of #Bitcoin miners are unprofitable at current hashprice levels, according to a new report from CoinShares

🔍 Up to 20% of #Bitcoin miners are unprofitable at current hashprice levels, according to a new report from CoinShares.

The analysis indicates the squeeze is particularly affecting operators with older mining hardware or higher electricity costs. The data highlights the narrowing field of viable participants in the sector.