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As the price of Bitcoin mining rises, smaller companies with less efficient mining rigs may become unprofitable, according to data from CryptoQuant. On October 20, Bitcoin mining companies transferred a cumulative 2,916 bitcoins to centralized cryptocurrency exchanges. (CEX) posted its fourth-lowest selling day in the last 30 days, after the May 10 Bitcoin halving saw some miner consolidation as the network's hashrate hit a two-month low of 575 exe.
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