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Several Bitcoin miners that have been hard hit by this cryptocurrency crash may be packing up shop. In terms of the Bitcoin network’s hash rate, which is one of the ways  for gauging the computing power dedicated to mining the digital currency, well this has fallen about 24 percent from an all-time high, that was seen at the end of August through Nov. 24. The figures coming via Blockchain.com.

Some may have miners may have been moving out of BItcoin to other cryptocurrencies. However analysts at JPMorgan Chase & Co., say  some in the industry are losing money after Bitcoin’s hard fall.

“This suggests that prices have declined to a point where mining is becoming uneconomical for some,”

Elsewhere, according to F2pool,  they note between 600,000 and 800,000 bitcoin miners have been forced to shut up shop, since mid-November as a result of these steep declines seena cross the market, speaking to CoinDesk.  

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