Rising Costs and Lower Rewards Pressure Bitcoin Miners, But Not Catastrophically, Says Analyst

Rising operational costs and lower rewards are impacting Bitcoin miners, though it’s not at a catastrophic level, according to cryptocurrency analyst James Check. “We are in a period of hash ribbon inversion, and blocks are coming in about 14 seconds slower than they should do. “That tells you that there is less hashrate online, blocks are being found slightly slower,” said Check, also known as “Checkmatey,” in a June 21 X video. “About 5% of mining hashrate is struggling at the moment,” Check explained, referring to the processing and computing power given to the network through mining. “Check claims that

Source: CryptoIntelligence