The largest Bitcoin Miner Capitulation ever
Miners are not having fun anymore
It's not been fun to be a bitcoin miner lately.
Many are having to turn off the machines as difficultly keeps going up and price keeps going down.
That follows a big dump during the ETF run though.
(Source: https://x.com/Cointelegraph/status/1833438493034323992/photo/1)
The good news is that miners won't have much to sell the next time we run.
"Love this topic! 🤔 As a community, let's talk about what we can do to support our miners during tough times like these. 💡 What are your thoughts on how we can help them navigate the challenges they're facing? 🤝 Share your ideas and lets get the conversation started! 😊"
I also gave you a 100% upvote for the delegations you have made to us. Increase your delegations to get more valuable upvotes. Cheers! 🎉
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Brutal and I predicted it. There was so much money invested in these mining companies that know nothing about mining. I have tried to educate and consult with a lot of these mining companies and they act like I'm some small fry inbred. I said.....Ok.... your power isn't $0.04 kwh or lower so good luck with the bankruptcy process.