Why Bitcoin Miners Keep HODLing Amid Massive Growth
As the bitcoin mining industry has grown by leaps and bounds in 2022, mining operations continue to hold onto their bitcoin for dear life.Bitcoin has traded between $30,000 and $50,000 from the start of 2022 to date. During that time, the mining industry has grown by leaps and bounds, as evidenced by steadily increasing difficulty and well over 200 exahashes (EH) of total computing power. But regardless of price and other metrics, new blocks and their rewards keep coming at a pace of roughly 900 new bitcoin mined per day with the current 6.25 BTC subsidy per block.So, what are miners doing....
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