Bitcoin Hashprice Falls to $38.2 PH/s Amid Record Difficulty and Price Pullback
Luxor data confirms mining revenue per PH/s has hit a five-year low, with network difficulty near 152 trillion and hashrate exceeding 1.1 ZH/s.
BTC
Summary
Bitcoin's hashprice has dropped to $38.2 per petahash per second (PH/s), its lowest level in five years, according to Luxor. The metric, influenced by network difficulty, block subsidy, transaction fees, and BTC price, reflects diminished mining profitability. Current difficulty stands near 152 trillion, with hashrate topping 1.1 zettahash per second (ZH/s). This decline underscores pressures on miners despite a Bitcoin price around $91,000.
Terms & Concepts
- Hashprice: A metric introduced by Luxor representing the expected daily revenue from one terahash per second of computing power in Bitcoin mining.
- Network difficulty: A measure of how hard it is to find a new block in Bitcoin mining; higher values reduce expected mining rewards.
- Zettahash per second (ZH/s): A unit of measure for computing power in mining, equal to one sextillion hashes per second.