Bitcoin revenue per terahash nears record lows as hash rate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
Sui (SUI) Price Prediction: ETF Inflows and 100MA Support Strengthen $1.15 Outlook
Recent SUI price action has focused attention on the $0.73-$0.76 area, where several short- and medium-term moving averages are pr...
Veteran Bitcoin developer Luke Dashjr exits OCEAN pool – Will hash power follow him to new pool?
OCEAN Mining has completed a buyout of co-founder and 16-year veteran Bitcoin Core developer Luke Dashjr, ending his ownership and...
Popular Bitcoin wallets risk losing support for new hardware devices as critical security bridge stops accepting new devices
Bitcoin HWI, a widely used interface for connecting wallet software to hardware signing devices, is moving toward retirement, whil...
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IR...
Bitcoin ETF inflows snap after $3 billion streak as ETH, XRP and Solana keep buying
US-listed Bitcoin exchange-traded funds (ETFs) lost $201.9 million Friday, ending a nine-day inflow streak as Ethereum, XRP and So...