Hashprice Record Low 2024 event
Overview
A key metric for Bitcoin miners, hashprice, which measures daily revenue per unit of computing power in dollars per petahash per second, declined to unprecedented levels in 2024. The drop followed the April halving, which reduced the block reward to 3.125 BTC. By late April 2024, hashprice had fallen below $50/PH/s, and in the subsequent months it dipped under $45/PH/s. An all-time low was recorded in early August 2024, when it dropped beneath $40/PH/s. This was driven by the reduced subsidy alongside an expanding network hashrate, creating ongoing challenges for mining firms, both publicly listed and privately held.
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Frequently asked questions
What is Hashprice Record Low 2024?
Hashprice Record Low 2024 is an event tracked in The Counterparty knowledge graph.
What type of entity is Hashprice Record Low 2024?
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