© Reuters. Miners Keep Loyal to Bitcoin (BTC) with High Activity

(BTC) mining is showing strong signs of recovery, assuaging the fears that miners are capitulating. After a recent dip to 74 EH/s, mining is once again at 101 EH/s.

BTC mining is still done by a limited number of leading pools, competing for the last rewards before the halving. Miners have 167 days to receive rewards of 1,800 BTC per day, with most of the coins going to the biggest pools.

At the same time, those 1,800 BTC are only a fraction of current trades. Research has hinted that miners capitulating may not break down BTC prices as much as expected.

https://twitter.com/ParadigmaBR/status/1200175243563872256

At one point, miners selling coincided with one of the worse days for BTC price moves. However, over...

This article appeared first on Cryptovest