Part 6/15:
Bitcoin's recent modest decline of 2% over the past week contrasts with a broader asset shuffle, as altcoins and memecoins gain relative standing. The market remains in a period of consolidation after a turbulent April, with a tentative rebound observed in some metrics.
Miners and the Industry Health
Mining profitability remains precarious if miners do not leverage the latest technology and maintain low electricity costs. Data from Blockware reveals that older, mid-generation rigs like the S9 Pro Plus and Wats Spinner M50 are breaking even at current electricity prices, whereas more advanced models remain profitable.