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. Latest BTC/USD price review. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/GBP: bulls take back the baton, taking out the 200-hr SMA FX Street 4 years 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… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
