$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

Cointelegraph

Published Jun 10, 2022 03:44AM ET

Updated Jun 11, 2022 05:40AM ET

Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability.

The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment.

Bitcoin miner exchange flows vs. BTC/USD chart. Source: CryptoQuant
Bitcoin ASIC Price Index vs. BTC/USD chart (screenshot). Source: Hashrateindex.com

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