Bitcoin's hash price hit a record low of $44.76 per petahash/second (PH/s) per day on May 1, with mining profitability less than 5% away from its all-time low. Luxor COO forecasts further hash rate decline amid rising summer power rates. The 7-day Bitcoin hashrate has fallen below 560 exahashes per second (EH/s) for the first time since February 19th, after hitting a record high in May.
NEW: #Bitcoin hashrate 7-day moving average hit a record high in May, but it's currently declining. https://t.co/YS1VaG9rev
JUST IN: 7D #Bitcoin Hashrate falls below 560 EH/s, the first occurrence since Feb 19th. https://t.co/WIADYoxkrX
INSIGHTS ๐ Luxor COO forecasts further hash rate decline amid rising summer power rates via @jvs_btc data via @glassnode https://t.co/NtH8ysBw1H
[HASHRATE INDEX] On May 1, Bitcoin's "hash price" hit a record low, dropping to just $44.76 per petahash/second (PH/s) per day. The #Bitcoin mining profitability is less than 5% away from its all-time low https://t.co/P98Xl18CIn
[HASHRATE] On May 1, Bitcoin's "hash price" hit a record low, dropping to just $44.76 per petahash/second (PH/s) per day. The #Bitcoin mining profitability is less than 5% away from its all-time low https://t.co/gd83xtAEZI