Miners have faced many challenges this year, including high electricity costs, declining crypto market prices, and increased difficulty in mining
During 2022, Bitcoin miners that were listed on public exchanges sold almost all of the Bitcoin they mined, leading to a discussion about whether these sales had a negative impact on the price of Bitcoin. Some people argued that the sales created a continuous obstacle for the Bitcoin price, while others may have disagreed.
In the latter half of 2022, particularly in November, the amount of Bitcoin held in reserve by mining companies significantly decreased. This occurred during a time when the crypto industry was experiencing turmoil due to the consequences of the FTX fallout.