In-depth Analysis of Miner Capitulation

1. What is miner capitulation?

2. Basic factors: Hash Rate, Bitcoin Price, and Miners

Bitcoin: Hash Rate — Glassnode Studio

3. Quantification and application of miner capitulation theory

Straightforward demonstration of the differences between two hash ribbons

4. Past miner capitulation events

Shutdown price on November 30, 2018, Source: f2pool
The indicator used here was a 4-day SMA. Mining difficulty had noticeable delay due to the sudden plunge.

5. Have we reached a tipping point for miner capitulation yet?

Shutdown price of major miners; Date: 13, June; Electricity price at 0.075$/kWh

6. Key References:

About 6block



blockchain technology

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