Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Miners are continuing to surrender. While the Bitcoin price is currently hovering around $74,000, miners' production costs are still at the $87,000 level. In other words, every miner is operating at a loss.
This situation indicates a serious problem regarding Bitcoin mining costs. Electricity, hardware, cooling systems... when all expenses are considered, the profit margin for miners is almost nonexistent. Some small operations have already started to shut down.
In such periods, there are usually two options: either miners wait for the price to rise or they give up. Given the current market conditions, unless the Bitcoin mining cost issue is resolved, this surrender is expected to continue. A decline in the network hash rate is already visible.