Bitcoin facing issues with hashprice
Bitcoin mining profitability is at all-time lows after the digital gold lost ground around $20,000 and dropped far below the 2017 all-time high and is now struggling to get back above the psychological support.
Besides the low Bitcoin price, the chief difficulty of the network and rising electricity costs all over the world are enormously pressuring Bitcoin and crypto miners. The hashprice is currently at its October 2020 lows.