Bitcoin Death Spiral. Miners REKT. Bitmain Shutdown? China Losing Control!!

[Ozark]

Bitcoin Death Spiral. Miners REKT. Bitmain Shutdown?
China Losing Control!!

China is losing control of their dominance over bitcoin mining. The cost to mine a bitcoin has risen significantly, while the price of Bitcoin has fell drastically. This can be considered the bitcoin mining death spiral. Many small to medium sized miners are shutting down their operations, and selling their machines to other operations where the cost of electricity is low and it is still profitable to mine bitcoin. Bitmain has been facing many problems: accusations of mounting debt, rumors that they are losing their chip manufacturer, and offices shutting down worldwide. Is Bitmain shutting down? Tune in to find out all the details of Bitcoin mining worldwide. It’s a changing landscape, and understanding it make you that much more ahead of the game. Game over? The games have just begun!!!