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Could the Crypto Markets Revive in 2023? Two Researchers Discuss - Ep. 439

Unchained

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The Struggles of Bitcoin Mining: Forecasting a Collapse

This chapter explores the troubled state of the Bitcoin mining industry, marked by substantial debt and the bankruptcy of key players. The discussion focuses on the impending decline in hash rates due to high costs and unprofitability, suggesting that only the most efficient miners will endure, leading to a future industry revitalization.

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