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Bitcoin [BTC]: These factors might initiate a reverse exodus for struggling miners

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ambcrypto.com

Bitcoin’s mining industry has taken a severe hit in 2022. Given factors such as massive price corrections, inflation, etc., many miners have even exited the Bitcoin network.

Why? Well, mainly to make ends meet.Now, many have raised concerning questions about the profitability of this industry. But, where’s the answer?Bitcoin miners made more than $15 billion in revenue over the course of 2021, according to The Block’s Research.

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