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.
More in Web3
Kalshi election data goes live on DoubleZero ahead of U.S. midterms
The expansion gives institutional and automated traders access to full-depth political prediction-market order books ahead of the U.S. midterms.
PayPal expands stablecoin rails with custom token issuance platform
The PYUSDx stablecoin developer platform, backed by PayPal USD (PYUSD), is built with the help of M0 and MoonPay.
DCENT Unveils New Brand Identity Eight Years After Its Launch, Expanding Beyond Digital Asset Storage
South Korea-based digital asset wallet company IoTrust, led by CEO Sangsu Baek, unveiled a new brand identity for DCENT on September 8, marking the first major rebranding since the brand was launched eight years ago. As part of the rebranding, the English…