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After a bumpy ride, are Bitcoin miners recovering from November pangs
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Bitcoin miners have had a pretty tough year considering the events in the the last few months. However, they recovered from it and managed to find stability, until November came. Even the miners couldn’t fight off the effects of the market dip.
As we all know, the market took a huge hit over the last 30 days with Bitcoin falling by 25% and investors facing losses, but they weren’t alone in this as miners were in an equally bad state.
Several Bitcoin mining firms witnessed a decline in their mining rate despite increasing their production capabilities this month. Bitfarms was one such company who despite increasing its hash rate by 16% and adding 3,988 more mining machines, mined comparatively lesser Bitcoin last month.
Even Marathon Holdings
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