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Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
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Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop

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Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
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Source: Bitcoin.com

Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice DropOn Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36 two days prior. Miners Grapple With Unprecedented Low Hashprice […]

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Author: Jamie Redman

Related posts:

  1. Bitcoin Miners’ June Revenue Dips Slightly Below May
  2. Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
  3. Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
  4. Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
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