Bitcoin Mining Profitability Crisis: Low Hashprice Pushes Public Miners to the Brink
Bitcoin mining profitability has reached one of its lowest points in years, primarily due to the drop in hashprice (revenue per petahash per second) to approximately $35/PH/s. Below Break-Even: This hashprice is now below the median cash-based hashcost of around $44/PH/s, meaning a significant part of the mining industry is operating at or below their … Read more