shib

⛏️ Miners start to "hit the brakes"? Hashrate is actively shrinking
Cango's latest disclosure indicates that due to declining mining profitability, the company has temporarily offline about 30% of its hashrate.
Current data:
🔹 Average operational hashrate in February: 34.55 EH/s
🔹 Total deployed hashrate: 50 EH/s
This means that some mining machines are actively shutting down or adjusting.
The main reasons include:
⚡ Optimization and upgrades of mining machines
⚡ Migration to areas with lower electricity prices
⚡ Renegotiation of hosting agreements
Meanwhile, a key indicator is approaching the miners' cost line:
📉 Hashprice has fallen below $40 / PH/s / day
When Bitcoin mining earnings approach operational costs, miners typically exhibit three behaviors:
1️⃣ Shut down low-efficiency mining machines
2️⃣ Migrate to areas with lower electricity prices
3️⃣ Wait for price recovery
In historical cycles, miner behavior is often an important signal:
📊 When weak miners exit, hashrate rebalances, and the market often enters a new phase.
💡 In the crypto market:
Price determines sentiment,
but cost determines the life and death line of miners.
#加密市场反弹
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$BNB
{future}(BNBUSDT)