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One platform for global traditional assets
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CandyDrop
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Just checked the numbers and miners are in a tough spot right now. Bitcoin's hovering around $73.9K, but the production costs to mine it are still sitting at $87K per coin. That's a massive squeeze - basically no one's making money at these levels. I've been wondering how much you can actually make mining bitcoin under these conditions, and honestly, the math doesn't work for most operations. The gap between price and cost is just too wide. A lot of smaller miners are probably shutting down rigs or looking for cheaper electricity. This kind of pressure usually doesn't last forever, but right now it's brutal for the mining sector.