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If hash rate is at all time high but price is down 40%, are all bitcoin miners running at a loss now?

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redditor for 7 weeks

1 day ago

Always been curious about the profit margins on these things. From what I gather it's really quite slim. I can't imagine a huge drop in price can be just eaten.

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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