Foreign media: The cost of rising coins has plummeted, and Bitcoin miners are reduced production

Zhongxin Jingwei, June 16th. According to the British Financial Times Chinese website reported on the 16th, Bitcoin miners are shrinking output, cryptocurrency prices decline and rising energy costs have squeezed their profits, resulting in their stock price plummeted.

It is reported that Bitcoin miners use strong computers to create new Bitcoin units and verify transactions on the blockchain. They are forced to change their strategies because the plunge of cryptocurrencies may weaken their huge technical investment.

Blockchain.com data shows that the Bitcoin hash rate (measuring energy used to create new token) has decreased by 4%since the beginning of the week. This drop shows that the computing power of digital miningers' investment in cracking complex puzzles has decreased; the rewards obtained by miners to crack these puzzles are newly cast Bitcoin.

According to the data of Blockchain.com, the total revenue paid to the miners has fallen to the lowest level in the past year. In the past month, the stock price of listed mining companies Marathon and HUT 8 has fallen by about 40%, while Argo Blockchain's stock price has fallen by 35%.

Alexander New Meller, director of the digital asset project of Cambridge, said, "At present, it is not interesting to engage in (digital) mining."

According to reports, Bitcoin has depreciated more than 50%since this year, and the transaction price has fallen below $ 21,000. In recent weeks, the loss of Bitcoin has been accelerated after the stable coin Terra collapsed and the loan platform Celsius banned its customers from withdrawing funds. Charlie Schumacher, a spokesman of the world's largest Bitcoin miners, said, "There are many miners in this industry being influenced by energy price fluctuations. Therefore, they are feeling the pressure from two different directions: high The income generated by the cost plus the income from each bitcoin decreases. "

The co -founder of Kazakh Miner and mining company XIVE, Dedar Bcbapubuv, said he is "adapting to new prices and reality." Once Bitcoin falls below $ 25,000, he will close the non -profit mining business.

Schumacher also said that companies that had found funds from banks or markets in the past are now more difficult; the stock market has fallen, financing demand has weakened, and interest rates have risen. This may force other companies to turn off the business or abandon the purchase of more computers. "In some cases, due to the tension and profit of funds, some people have begun to cancel orders."

The report quoted the CEO of HUT 8, which was listed in Canada, said, "Companies, which have been carefully planned for economic downturn for a period of time," , In the next few months, you may face the situation of capital tension and lack. "(Zhongxin Jingwei APP)

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