Bitcoin’s hashrate nosedives after weekend high—miners feel the squeeze

Bitcoin’s hashrate peaked at 946 EH/s but has dropped significantly, now at 880 EH/s. This sharp decline corresponds with diminished mining profitability, evidenced by a 4.37% drop in hashprice.

As of Thursday afternoon, Bitcoin’s price hovered around 104,000 USD. A 5.05% reduction in hashrate is projected by June 28, 2025, highlighting ongoing fluctuations in mining conditions.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts