Why Bitcoin Miners Keep HODLing Amid Massive Growth Today

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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 with their coins amid choppy price movements and steady hash rate growth? For the most part, they’re still holding.


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