Bitcoin Miner Revenue Per Hash Rate At Lowest Since October 2023

IconCrypto News Terminal24 Apr, 2024

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Bitcoin Miner Revenue Per Hash Rate At Lowest Since October 2023

Bitcoin miner revenue per hash rate has hit its lowest level since October last year, according to data from CryptoQuant. The hashrate price, which represents the revenue that miners earn per unit of hashrate, has dropped to an average of $0.07 after the halving. However, the hashrate has remained stable after the halving, suggesting that miners are operating at a similar pace as they were pre-halving. It is still too early to speculate what the long-term impact on the network hashrate from the halving event will be. Previously on 24 April 2024, Cointelegraph reported that the hashrate price had hit its lowest level since October 2023, citing data from CryptoQuant.

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