Challenging Economic Conditions for Bitcoin Miners
Despite Bitcoin's price rising to around $93,000, many miners are experiencing declining profitability. The hashrate index—which measures income per unit of computational power—remains near record-low levels. Additionally, the CoinShares Valkyrie Bitcoin Miners ETF has dropped over 50% since its peak in December 2024, highlighting ongoing struggles within the mining sector
Every transaction is recorded on a public ledger (the blockchain), meaning the flow of funds can be tracked. If someone links a wallet address to a person, their entire transaction history can be traced!
"No one really knows who Satoshi Nakamoto, the creator of Bitcoin, actually is. It could be one person or a group of people. The identity remains anonymous to this day."
Crypto Fact: Lose your private key, lose everything.
Around 20% of all Bitcoin (millions of BTC) are considered permanently lost because their owners forgot passwords, lost wallets, or threw away old hard drives.
That makes Bitcoin even more deflationary than it seems — supply is shrinking, but demand keeps rising. #CryptoFacts #BTC
Did you know… Bitcoin was once worth less than a penny?
Back in 2010, a programmer named Laszlo Hanyecz made the first real-world Bitcoin transaction — he bought two pizzas for 10,000 BTC. At the time, 1 BTC was worth less than $0.01. Today, those 10,000 BTC would be worth millions of dollars!
It’s a wild reminder of how fast the crypto world evolves — and that the next big leap might be just around the corner.