BTC Hashprice Falls to Five-Year Low
Bitcoin's hashprice has dropped to a five-year low of $38.2 PH/s due to high network difficulty and lower BTC prices.Summary
Bitcoin's hashprice, which measures the expected daily revenue per terahash of computing power, has fallen to $38.2 PH/s, its lowest level in five years, according to Luxor. This metric is influenced by network difficulty, Bitcoin's price, block subsidy, and transaction fees. The decline is occurring while Bitcoin's hashrate remains near record highs (over 1.1 ZH/s), the BTC price is around $91,000 (down significantly from its October high of over $126,000), and network difficulty is near all-time highs. Transaction fees are currently very low. This environment of falling revenue is putting pressure on miners, even as many pivot their business strategies toward AI infrastructure initiatives, which is reflected in a 43% drop in the CoinShares mining ETF (WGMI) from its peak.
(Source：CoinDesk)