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Bitcoin Price Holds $64K as 23% of Mining Rigs Slip Into Daily Losses
Bitcoin is trading near $64,745 and on August 6, twenty‑two point seven percent of the 22 mining rigs tracked by WuBlockchain Data Center posted negative daily net returns, showing weaker mining profitability.
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What happened
Bitcoin is trading near $64,745 and on August 6, twenty‑two point seven percent of the 22 mining rigs tracked by WuBlockchain Data Center posted negative daily net returns, showing weaker mining profitability.
Confirmed
Global impact / market context
Lower mining profitability can push miners to cut costs or shut down less efficient rigs, which may lower the network’s hash rate and affect Bitcoin’s security and supply dynamics.
Analyst inference
The price is holding in a narrow recovery band after slipping toward $62,000 earlier in the week, indicating limited upside momentum while miners face tighter margins.
Confirmed
What to watch
- Changes in the overall Bitcoin hash rate, as a decline could signal miners turning off equipment due to unprofitability. Analyst inference
- Bitcoin price movements above sixty‑five thousand dollars, which could restore profitability for marginal rigs and stabilize mining operations. Analyst inference
- Updates from mining hardware manufacturers on efficiency improvements that could offset current profit pressures. Proposed
Affected assets
- BTC — Bitcoin