Bitcoin
$26,793.54-1.13%
Ethereum
$1,870.41-1.31%
Binance Coin
$301.06-1.79%
XRP
$0.53670093+2.62%
Cardano
$0.37500000-1.21%
Dogecoin
$0.07174349-1.35%
Solana
$21.54+1.03%
Polygon
$0.88683943-1.65%
Tron
$0.08137485-0.03%
Litecoin
$93.15-2.19%
Polkadot
$5.25-1.55%
Binance USD
$1.00-0.02%
Avalanche
$14.72+0.46%
Shiba Inu
$0.00000854-1.04%
Wrapped Bitcoin
$26,934.48-0.54%
Uniswap
$4.97-2.28%
Chainlink
$6.38-1.12%
Cosmos
$10.69-0.73%
Monero
$146.99-1.47%
Ethereum Classic
$17.98-0.77%
Stellar
$0.09146000-0.72%
Bitcoin Cash
$114.03-1.27%
Internet Computer
$4.72-1.93%
Lido DAO
$2.26-2.76%
Filecoin
$4.59-5.67%
Aptos
$8.82-1.93%
Quant
$115.80-0.74%
Crypto.com
$0.06022016+1.14%
Hedera
$0.04968473-1.57%
Arbitrum
$1.17-4.14%
NEAR Protocol
$1.63+0.52%
VeChain
$0.01952082-1.50%
ApeCoin
$3.20+1.87%
The Sandbox
$0.60403242+6.11%
The Graph
$0.12344867-3.96%
Algorand
$0.14910616-1.13%
EOS
$0.90899300-1.13%
Paxos Dollar
$0.99925388+0.14%
Elrond
$37.59-2.14%
Decentraland
$0.51656735+6.24%
Optimism
$1.45-3.57%
Aave
$62.03-2.92%
Fantom
$0.31577724-1.08%
Tezos
$0.90300000-1.20%
Axie Infinity
$7.24+0.93%
Theta
$0.83009588-1.02%
Stacks
$0.59573115-2.86%
Immutable X
$0.80596963+1.85%
Synthetix
$2.36-0.26%
Flow
$0.71536469-1.21%
NEO
$10.14-3.04%
Gala
$0.02922953-2.06%
Curve DAO Token
$0.84080817-1.05%
Bitcoin SV
$32.38-1.44%
Maker
$686.08+1.56%
Injective Protocol
$7.61-3.49%
Luna Classic
$0.00010100+12.42%
IOTA
$0.20266160-0.43%
BitTorrent
$0.00000059-1.24%
Kava.io
$0.99115878-1.74%
Chiliz
$0.10013093-1.98%
PAX Gold
$1,942.54-0.19%
Mina
$0.53615096-2.55%
Dash
$42.07-2.13%
eCash
$0.00002433-1.31%
Trust Wallet Token
$1.07-0.62%
Woo Network
$0.23213662-4.32%
Zilliqa
$0.02371355+0.02%
Flare
$0.02287171-0.40%
Nexo
$0.65249473-1.30%
PancakeSwap
$1.71-2.20%
Mask Network
$4.30-4.15%
THORChain
$1.16-0.75%
Loopring
$0.27505655-0.88%
dYdX
$2.13+2.21%
Enjin
$0.33477897+0.79%
Convex Finance
$4.22+0.26%
Basic Attention Token
$0.21612000-0.20%
FLOKI
$0.00003087-2.62%
NEM
$0.03248572-2.46%
Baby Doge Coin
$0.00000000-4.46%
Holo
$0.00159436-1.07%
Oasis Network
$0.05550611+0.26%
Illuvium
$52.20-2.59%
Qtum
$2.64-1.81%
Fetch.ai
$0.26357651-3.12%
Zcash
$31.69-1.64%
Celo
$0.53329291-3.73%
Ethereum Name Service
$9.92-1.82%
Kusama
$27.71+0.35%
SXP
$0.43811090-2.95%
Audius
$0.23499097-2.37%
Ravencoin
$0.02066530-0.03%
Terra 2.0/LUNA
$0.86795774+1.30%
Compound
$34.87-1.66%
BLUR
$0.48400231-5.16%
Decred
$15.24-2.55%
ICON
$0.23840297-1.43%
Stepn
$0.26309365-1.39%
IoTeX
$0.02368633+1.51%
JasmyCoin
$0.00465212+0.71%
EthereumPoW
$2.03+3.48%
Bitcoin Gold
$12.49-0.20%
Yearn Finance
$6,411.23-2.12%
Ankr
$0.02562725-1.36%
Helium
$1.44-2.36%
0x
$0.21657360-1.59%
Moonbeam
$0.28236852+0.64%
Braintrust
$0.72131993-1.28%
Band Protocol
$1.42-2.56%
Wax
$0.05249262-1.76%
Harmony
$0.01411956-1.05%
Waves
$1.69-1.75%
Sushiswap
$0.84864949-0.47%
Siacoin
$0.00315945-1.60%
Joe
$0.44614625+4.88%
SafePal
$0.40655414-0.62%
Skale
$0.03309633-3.35%
Gains Network
$4.73-2.47%
Amp
$0.00253017-1.65%
TerraUSD
$0.01440061-5.26%
Aragon
$3.52-4.51%
Livepeer
$4.99-3.95%
UMA Protocol
$1.93-3.59%
Alchemy Pay
$0.02687493-5.19%
Cartesi
$0.18020189-2.36%
Stargate Finance
$0.65545453-2.92%
SPACE ID
$0.45550509-0.95%
Synapse
$0.68520458-1.27%
DigiByte
$0.00785161-2.20%
Polymath Network
$0.13750000-2.62%
Lisk
$0.83189326-0.85%
Nervos Network
$0.00358026-2.24%
Kyber Network
$0.62206786-0.35%
Ribbon Finance
$0.15856800-1.13%
Dogelon Mars
$0.00000020-4.00%
iExec RLC
$1.50-2.02%
OMG Network
$0.75429610-2.35%
NuCypher
$0.07991989-0.04%
Celsius
$0.23023214-6.77%
Nano
$0.71764018-3.45%
MetisDAO
$21.83-2.39%
Smooth Love Potion
$0.00217110-1.11%
Chromia
$0.15793901-3.80%
Syscoin
$0.12567839-3.80%
Numeraire
$14.09-3.21%
Vulcan Forged PYR
$3.55+3.46%
Ren
$0.08141879+8.55%
Steem
$0.18609034+0.52%
Dent
$0.00084719-3.55%
COTI
$0.06716073-0.65%
Secret
$0.38057752-4.47%
NKN
$0.12355059-6.29%
MOBOX
$0.40186143-1.54%
WINkLink
$0.00007456-1.13%
Spell Token
$0.00058140+0.90%
Civic
$0.08451400-0.52%
Request
$0.08708222-0.75%
Keep Network
$0.12099983-2.43%
Bifrost
$0.05101499-1.70%
Bancor
$0.40788543-1.90%
CEEK VR
$0.07612215+4.12%
Star Atlas
$0.00188246-0.69%
Index Chain
$0.07931558-1.97%
Sun Token
$0.00606291-0.72%
SuperRare
$0.09222400-1.64%
Star Atlas DAO
$0.18148935+0.04%
WazirX
$0.11694837-2.67%
Augur
$6.46-0.34%
XYO Network
$0.00397808+0.66%
Reef
$0.00215759-2.14%
Raydium
$0.23132579+7.13%
LooksRare
$0.08565468-6.16%
Stormx
$0.00423888-2.54%
Moonriver
$6.39+1.17%
Storj
$0.29519016-1.57%
RACA
$0.00012638-11.56%
Voyager Token
$0.14182360-0.59%
Saitama
$0.00088513-2.19%
Orchid
$0.06634176+0.62%
GAS
$2.78-0.81%
Yield Guild Games
$0.18462693-1.16%
Polkastarter
$0.33906572-2.97%
Kishu Inu
$0.00000000-14.09%
Adventure Gold
$0.41684000-5.58%
Verge
$0.00191204-1.37%
Alpaca Finance
$0.19470294-4.40%
Serum
$0.07570119+5.51%
Ampleforth Governance
$2.86-1.87%
Enzyme
$18.11-2.09%
CLV
$0.04503436-0.28%
Quickswap
$55.81+0.14%
Blue Zelle
$0.06452612-4.00%
district0x
$0.02910000+42.28%
Stafi
$0.34100798-1.85%
Harvest Finance
$26.99-1.90%
Samoyedcoin
$0.00394981+9.62%
Rarible
$1.17-0.05%
Green Satoshi Token
$0.01481110-16.34%
Tokemak
$0.75479143-0.56%
Quantstamp
$0.01249870-0.52%
Mirror Protocol
$0.03311617-1.61%
SingularDTV
$0.000402100.00%
FTX Token
$0.93956463+0.13%
Pepe
$0.00000120-5.81%
Tether
$1.00-0.02%
USD Coin
$0.99995050-0.01%
Dai
$0.99972985-0.01%
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Crypto Prices CoinDesk Market Index CoinDesk Market Index

This episode is sponsored by Nexo.io, Circle and FTX US.

On today’s episode, NLW catches up on the bitcoin mining industry, and why soaring hashrate and mining difficulty represent something very different in a bear market than they did during the bull.

See also: Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Yuichiro Chino/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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