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3232BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected
https://www.digit.info/btcs-lower-price-shrinks-bitcoin-mining-profits-hashrate-remains-unaffected/
Sat, 02 Jul 2022 15:30:40 +0000https://www.digit.info/2022/07/02/btcs-lower-price-shrinks-bitcoin-mining-profits-hashrate-remains-unaffected/Read more]]>While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per second (EH/s) to 261 EH/s. […]
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per second (EH/s) to 261 EH/s. […]