Disclosure: If Bitcoin Price Shows No Positive Gain, It Will Affect Miner Involvement

According to an AMBcrypto report from July 16, the new BitOoda report shows that the performance of many miners is stable during the rainy season due to the impact of cheap water and electricity, as the capacity of he mining of the Bitcoin network is predominantly in China. The report also found that the capital build-up that forced miners to upgrade their equipment also affected the rate hike and the hashrate increase after 4-6 months. Since the halving, Bitcoin prices have remained stable. Negative results can occur if the price does not show a value, the statement said. Fortunately, data from Blockchain.com shows a drop in miners' income in 2020. BitOoda adds that "an increase in value is a requirement for every miner's investment," added that for S19 miners, when the hashrate fell below 295EH / s, cost of capital did not return. .