Bitcoin’s recent unstoppable decline is beginning to worry investors. After a lot of technical analysis and charting was wasted, Bitcoin sank below what is known as a “fall” and altcoins trailed behind.

Crypto mining, which has been on the rise in recent years, is also among those that have played a part in this decline. In addition to ever-increasing electricity and hardware costs, miners after this sharp decline consider turning off their machines†

Major mining companies shut down machines

made with a video card and nowadays ‘old styleThe mining system, also known as ‘mining’, is especially difficult for miners because of the high electricity consumption and the prices of graphics cards. started to become a burden.† While some miners using such mining systems decide to disconnect their machines and even sell some of them due to the excessive drop in their income, ‘modern’ mining systems, while difficult, can lead to this decline. try to keep up†

While the level of plugs is declining in the devices of mining hardware companies such as Canaan and Bitmain, the number of users pulling plugs in classic hardware is increasing day by day. increasing†

Some mining companies are trying to provide themselves with extra liquidity instead of pulling chips. Sale of bitcoin and altcoins started† However, if this decline in Bitcoin and altcoins continues, all miners will go through a very difficult process. can enter†