May 29, 2024

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Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise

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Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise
Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price RiseAccording to the seven-day simple moving average (SMA) statistics regarding Bitcoin’s hashrate, the network hashrate has stayed below the 600 exahash per second (EH/s) mark for approximately one week. The recent rise in bitcoin’s price has positively influenced the overall hashprice as the value of 1 petahash per second (PH/s) daily has climbed above the […]