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bitcoin
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Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

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Bitcoin’s hashprice, or the anticipated worth of 1 petahash per second (PH/s) of hashing energy per day, has plummeted to a historic low. In keeping with Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the value per petahash dropped to $44.842 per PH/s. The greenback worth of every day mining income per petahash of hashing energy is creating important challenges for bitcoin (BTC) miners. Regardless of the lower in earnings, the seven-day easy transferring common metric for Bitcoin’s total hashrate signifies that computational energy has elevated from 556 exahash per second (EH/s) to 578 EH/s. The declining hashprice amplifies the monetary strain on bitcoin miners, particularly smaller operations. As income per petahash falls, these smaller miners face rising difficulties in sustaining profitability.


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