Bitcoin Miners Selling Shakes Off Gold Rush Mentality-7.24

Bitcoin (BTC), Cryptocurrency–As prices for Bitcoin continue to slip to their lowest point in over a year, with all eyes on BTC hitting $3,000, a recent inquiry into the dipping hash rate has led some to question the health of the crypto mining industry.

On Nov. 25, a tweet went viral showing hundreds of crypto mining rigs essentially collecting dust–flipping the narrative on the energy hungry machines grinding away 24/7 and posing a crisis to the environment. Rather than out of a philanthropic dampening by eco-conscious owners, the formerly profitable crypto rigs were reported being sold in loads for just pennies on the dollar, a reflection of have far cryptocurrency has fallen over the last two weeks and throughout 2018.

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