Proof of Deflation: Ultra-Sound Money
As we approach the end of a tumultuous year for the markets, it is worth noting there are some things still working as intended, even amid the bear market. Although some lenders and funds may be throwing in the towel, some projects and technologies are continuing to thrive. Let's take a look at Ethereum as one example of something that is successfully moving forward despite challenging market conditions.
Increased energy costs bad news for BTC miners amid bear market
In the wake of the latest market downturn, with Bitcoin prices falling to lows of sub-$16,000, many public mining companies face difficulty keeping afloat. In recent months, miners have faced a potential death spiral of rising energy costs and hash rate against a sharply declining Bitcoin price and deteriorating macro backdrop starving them of both profit margin and access to external liquidity to fund their ongoing capex requirements.
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