Bitcoin’s hashprice surged above 58.5 USD/PH/s following a significant 7.4% decline in network difficulty, marking the largest drop since China’s 2021 mining ban.
This increase in hashprice coincides with Bitcoin’s market recovery, pushing prices above 108,000 USD and providing relief to miners facing high operational costs.
As Bitcoin transaction fees remain low at 0.51% of block rewards, the future for miners looks cautious, especially with potential for renewed growth in hashrate and difficulty.
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