Sunday, August 4, 2024

Historic Drop in Bitcoin Revenue Leaves Miners Struggling

Historic Drop in Bitcoin Revenue Leaves Miners StrugglingAfter peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin Fee Revenue Drops 75%, Hashrate Slides 48 EH/s […]

via Jamie Redman

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