According to the analytical service Glassnode, miners have stopped dumping their Bitcoin on the market and have moved into a phaseactive accumulation.
Last month, China's aggressive policiesagainst miners forced them to stop mining and sell a large number of coins to cover losses and logistics costs. That started to change this month, according to Glassnode – miners are increasingly holding their mined coins, waiting for a more favorable moment to sell.
In addition, the situation with Bitcoin hashrate beganslowly stabilize. In June, the graphs showed a record drop in both the hashrate and difficulty of Bitcoin mining. Now the amount of computing power in the network of the first cryptocurrency has begun to grow. Some ASICs that worked in China are already connected in new jurisdictions.
After the forced downtime, the largest mining equipment manufacturer Bitmai, offered a comprehensive turnkey mining farm connection in just four days.
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