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

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© Reuters.

The (BTCThe current market price level for the mining industry is higher than ever. However, new data suggests that a mass sale of miner stockpiles is unlikely.

As Not notedPopular Twitter account @ventureFounder on January 14, 2016. Even at $42,000 the trading pair was around 20% higher than miners’ costs price.

Screenshot: Annotated graph showing the cost of producing Bitcoins (screenshot). Source: @venturefounder/Twitter
Bitcoin Hash Rate Chart Source: Blockchain