Bitcoin Mining Enters “Capitulation Phase” Amid Rising Costs

[chainsniff]

The recent drop in mining difficulty suggests that Bitcoin miners may be entering a capitulation phase, where less efficient operators are forced out of the market. This process often leads to a healthier ecosystem, as stronger and more efficient miners remain.

While short-term relief may come from slight improvements in mining rewards, analysts expect continued pressure ahead. The result could be a reshaped industry, with fewer but more advanced players dominating the network in the long run.

[cryptobro]

bitcoin mining struggling so hard it’s considering a career change