$67,178.14
+1.17%
$3,134.91
+1.79%
$84.26
+0.96%
$29.73
+0.24%
$135.66
+1.1%
$0.00
+1.78%
$28.99
+2.09%
$0.16
+1.63%
$23.57
-0.11%
$0.00
+1.51%

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows By



© Reuters.

The (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.

As noted by popular Twitter (NYSE:) account @venturefounder on Jan. 14, even at $42,000, the trading pair is around 20% above miners’ cost price.

Bitcoin production cost annotated chart (screenshot). Source: @venturefounder/Twitter
Bitcoin hash rate chart. Source: Blockchain