Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
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On August 7, 2024, the price of bitcoin ranged between $55,742 and $57,607 over a 24-hour period. This lower price range has notably reduced mining revenue for bitcoin, significantly affecting miners. The hashprice, or the estimated daily value of 1 petahash per second, dropped below $36 two days prior to the date mentioned.
The current drop in hashprice has made it difficult for miners to maintain profitability. The combination of the record difficulty level in mining and the decreased price range has resulted in a historic challenge for those involved in bitcoin mining.
Miners are grappling with these conditions as it impacts their overall revenue and business operations. This development is crucial for the future strategies and approaches of the mining community.
出典: news.bitcoin.com ↗
