![Expect sluggish Bitcoin [BTC] hashrate growth in 2022 unless…](https://i.headtopics.com/images/2022/7/19/cryptoamb/expect-sluggish-bitcoin-btc-hashrate-growth-in-2022-unless-1549191623220858880.webp)
Expect sluggish Bitcoin [BTC] hashrate growth in 2022 unless...
“We expect sluggish hashrate growth for the rest of the year unless Bitcoin’s price reverses course. Indeed, rising energy costs, credit crunches, and waning BTC price gives us the perfect recipe for constrained hashrate growth and capitulation from over-leveraged, high-cost miners.”Bloodshed
From the beginning of the year to the close of Q2, the tiers in Bitcoin mining ASIC Price Index have dropped significantly.Mid-gen machines are still working with all-in power costs under $0.07/KWh). BTC miners who traditionally try to hold 100% of their mined BTC are shedding inventories to pay bills and stay solvent.
As if this wasn’t enough, mining equipments fell in demand as well. Unlike the lack of capacity in 2021, the TSMC recently claimed that the has dropped significantly too. Companies are cutting orders by a huge margin in the second quarter. It’s worth pointing out, however, that 2nm technology will soon be in mass production by 2025.Read the best crypto stories of the day in less than 5 minutes
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