@BOMBERuss 12 June 2022 more from that month

The #bitcoin hashrate is approaching another record high above 230 EH/s. According to Blockchain.com , this figure has increased significantly since the beginning of June 2022, and last week the level of complexity in the essence of IOS increased. However, the difficulty level of 30.283 t and declining prices do not allow miners to maintain high incomes. We are seeing a significant decrease in the income of miners, despite the increase in complexity. This suggests that the operations of #mining companies have expanded, capital has been spent, and production costs have increased as revenues have fallen. Since profit multipliers are declining in all directions, and financial stress is increasing, there is a high probability that the market is in the second and historically last phase of the capitulation of the bear market of bitcoins," Glassnode experts note in a weekly report.