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Bitcoin's hashrate, a key indicator of mining activity, has been declining, with prices hitting record lows. The mining profitability is nearing an all-time low, signaling challenges for miners. This trend is attributed to various factors such as ETF flows and the aftermath of Mt. Gox.
[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
#Bitcoin hashrate is down nearly 10% off the all-time highs that were hit at the end of April ๐ https://t.co/uOfyOeOJkD