{"id":133305,"date":"2024-07-17T13:00:57","date_gmt":"2024-07-17T10:00:57","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133305"},"modified":"2024-07-17T11:11:20","modified_gmt":"2024-07-17T08:11:20","slug":"record-hashrates-squeeze-bitcoin-mining-profits","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/record-hashrates-squeeze-bitcoin-mining-profits\/","title":{"rendered":"Record Hashrates Squeeze Bitcoin Mining Profits"},"content":{"rendered":"
The network\u2019s hashrate<\/a><\/strong> surged to 635 exahashes per second (EH\/s) \u2013 at the time of writing it retraced to 594.43 EH\/s) \u2013 increasing the competition and decreasing individual earnings. Although Bitcoin<\/a><\/strong> trades around $65,300, miners are not seeing significant gains due to the increased computing power required, which has tripled since November 2021.<\/p>\n This rise in hashrate has led to the lowest \u201chash price\u201d in five years, now at $51.13 per terahash per second (TH\/s), diminishing profitability for miners.<\/p>\n Industry experts are concerned about the future of Bitcoin mining. Kurt Wuckert Jr., CEO of Bitcoin SV mining pool Gorilla Pool, highlighted that profitability for miners is at a nearly six-year low.<\/p>\n