BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low

BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low

Hashprice drops to $43.1 PH/s as bitcoin’s price correction, low fees and record hash rate squeeze miners’ margins.

Bitcoin Mining Profitability Slumps as Hashprice Falls to Multi-Month Low

Hashprice has plunged to its lowest level since April, when bitcoin was trading around $76,000, now sitting at $43.1 per petahash/second (PH/s).Hashprice, a term coined by Luxor, refers to the expected value of one terahash per second (TH/s) of hashing power per day, representing how much a miner can earn from a specific amount of... The post Bitcoin Mining Profitability Slumps as Hashprice Falls to Multi-Month Low appeared first on Daily Truth …