May 22, 2024

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Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

1 min read
Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall
Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to FallOn Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC per block in onchain fees. Bitcoin Miners […]