Mining profitability is under pressure as network competition reaches historic levels and margins shrink.

According to a recent report from The Miner Mag, the bitcoin mining sector is going through a phase of growing economic difficulty, marked by increasingly intense competition on the network and unfavorable market conditions.

Miners are facing a complex situation: while the network hashrate – the indicator that measures the total computing power dedicated to securing the network – reached an all-time high of 1.16 ZH/s in October, the price of BTC fell toward $81,000 in November.

...read more at atlas21.com