Bitcoin Miners Switching To Other Cryptocurrencies Amid Rising Cost of Operations: CryptoQuant CEO
2025-07-03 17:59:56
Description
Bitcoin (BTC) miners are reportedly hedging against the recent downturn in prices by mining other cryptocurrencies, according to the CEO of CryptoQuant. Ki Young Ju says that Bitcoin’s hashprice is now at an all-time low, potentially causing a slowdown in investments for mining companies and prompting them to look to other, cheaper proof-of-work (PoW) coins
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