Bitcoin hashprice down 22.9% year-on-year despite hashrate near record
- —Hashprice on Oct. 22 was $36.70 per PH/s per day vs $47.63 a year earlier
- —7-day average hashrate hit 1.07 ZH/s on Oct. 27, 6.81% below the 1.15 ZH/s peak
- —Mining difficulty rose 5.92% on Oct. 16 to 140.58T
- —Monthly average hashprice climbed from $30.37 in June to $39.33 in September
Why it matters: Falling revenue per unit of hashrate amid rising difficulty squeezes miner margins and could accelerate BTC selling by miners.
Source: TokenPost