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Bitcoin miners selling stock and BTC as returns halve since November

Bitcoin miners selling stock and BTC as returns halve since November

Data from on-chain analytics firm Glassnode showing that Bitcoin miners have become net sellers, after being net holders for months.

Since Nov. 9, the return from mining one BTC has decreased by an average of 50.5% for the two most popular mining devices, the S9 and the S19, according to data by blockchain research firm Arcane Research. This means the return on investment has decreased at a greater rate than the price of BTC.

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