Nearly a fifth of all Bitcoin mining power is sitting completely dark, and turning it back on could trigger a brutal margin trap
Luxor estimates 235 EH/s of capacity is idle for mixed reasons, complicating the capitulation signal as Texas’s summer curtailment window ends. The post Nearly a fifth of all Bitcoin mining power is sitting completely dark, and turning it back on could trigger a brutal margin trap appeared first on CryptoSlate.
Key Takeaways
- Luxor estimates 235 EH/s of capacity is idle for mixed reasons, complicating the capitulation signal as Texas’s summer curtailment window ends.
- The post Nearly a fifth of all Bitcoin mining power is sitting completely dark, and turning it back on could trigger a brutal margin trap appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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