Bitcoin Mining Hash Price Hits Multi-year Lows

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As hash rate and energy costs grow, bitcoin mining becomes less profitable and equipment is less cost-effective which impacts mining companies. The below is a direct excerpt of Marty’s Bent Issue #1206: “Hashprice at lowest point since November 2020” Sign up for the newsletter here. (Source) via Braiins Everyone okay out there? Still licking your … Read more

Record Mining Difficulty Shows Industry Growth Despite Bitcoin Bear Market

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The bears can’t keep miners down as data shows increasing hash rate — which could lead to some uncomfortable hash price realities. Bitcoin may be in a bearish market, but the mining industry is growing bigger than ever. Bitcoin mining difficulty set a new record high for the sixth time this year on Tuesday, reaching … Read more