Bitcoin miners, who contribute computational resources to the Bitcoin Blockchain network in return for newly generated BTC rewards, are encountering heightened operational expenses amidst the recent price decline. These expenses are mainly driven by the substantial energy consumption necessary to operate mining equipment. With Bitcoin’s price plummeting to $53,000, only a handful of mining rigs remain economically viable, highlighting a considerable financial strain on miners. Access NEWSLINKER for the latest in technology news.
