Bitcoin

The Bitcoin mining <a href="https://ultramining.com/news/en/bitcoins-rebound-above-30k-boosts-hashprice-a-4-leap-in-24-hours/" rel="noopener noreferrer nofollow">hashprice</a> has fallen by 5.91%, now sitting at $39.31 per petahash per day (PH/day), just 7% shy of its all-time low recorded on August 5, 2024. This decrease in hashprice reflects the ongoing challenges miners face as network difficulty increases, making it harder to turn a profit.
Despite the lower profitability, miners continue to compete for block rewards, especially as the Bitcoin network’s <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> reaches new heights. This latest drop in hashprice is likely to spur conversations about the future sustainability of mining operations and the strategies that miners will adopt to stay profitable in this evolving landscape.
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Bitcoin Hashprice Falls by 5.91%, Now at $39.31/PH/Day, Nearing All-Time Low

Ultramining_Eng

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