Bitcoin hash rate reaches lowest level in five years

As of November 18th, Bitcoin’s hash price fell to 38.2 USD per PH/s, influenced by network factors. Increased Bitcoin prices and transaction fees raise hash prices, while mining difficulty suppresses them.

Currently, Bitcoin’s hashrate averages over 1.1 ZH/s even with low hash prices, while the network difficulty approaches an all-time peak of 152 T with transaction fees remain very low.