Bitcoin miners have witnessed a significant exit from the network as prices and revenues continue to decline. The mining difficulty has reached 100 EH/s, indicating a decrease in the number of miners participating in the network. This decline in mining activity is a result of the decreasing profitability of mining Bitcoin.
As the price of Bitcoin continues to fall, miners are finding it less lucrative to continue mining the cryptocurrency. This has led to a decrease in the overall hash rate of the network, as miners shut down their operations due to reduced revenues.
The mining difficulty of Bitcoin reaching 100 EH/s is a significant milestone, as it signifies the challenges faced by miners in maintaining profitability in the current market conditions. Despite the decreasing revenues, some miners are still actively participating in the network, hoping for a turnaround in the price of Bitcoin in the future.
Overall, the exit of miners from the network at a rate of 100 EH/s is a clear indication of the current struggles faced by miners in the face of falling prices and revenues. As the market continues to fluctuate, it remains to be seen how miners will adapt to these challenging conditions.