Bitcoin price remains at $64,000, with 23% of mining machines facing daily losses
2026-08-08 19:32:21
According to CoinMeta, the price of Bitcoin remains at around $64,745, and the profitability of mining has weakened. Wublockchain Data centers show that 22.7% of the 22 monitored mining machines generated negative daily net returns on August 6th. Analyst Ali Martinez pointed out that these multi-month indicators are similar to those seen at previous major market bottoms, but mining economics and long-term momentum are sending different signals, indicating that miners are facing narrower operating profits. The data shows that 5 mining machines are in daily losses, accounting for about 22.7% of the monitored group. Profitability is affected by electricity costs, network difficulty, and machine efficiency. Ali also mentioned that three technical signals could support a larger recovery for Bitcoin.
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Source:The Coin Republic
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